Very interesting points! Agree on the shift back from elite. Disagree that we need to play by market rules and when it comes to rankings. They rarely reflect the actual value of research and teaching and are a byproduct of marketization and thus not suited to measure its impact.
I understand that a lot of higher education on the continent is fully public and state run and works reasonably well, but at the same time I am also aware that if the conversion of the US system to something like the French or German system were done, it might well mean...
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...shifting the US system to a comparable scale of investment with those systems, on a per capita basis, which would entail pretty vast institutional destruction as the very large US system downscales to per capita research parity with the EU.
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It might also entail a reduction in teaching capacity too. Going by the OECD data, tertiary educational attainment in the USA is 44%; cf. 32% in France and 27% in Germany. The UK is 42%. The marketized systems have problems for sure! but they also appear to have wider reach.
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