if the current collection of colleges are a de-facto monopoly (through high barriers to starting a new credentialed college, network reputation effects, etc.) then you would EXPECT that colleges will become rent seekers, in a variety of ways: * tuition * indoctrination by profs
This seems to be apples and oranges. It can simultaneously be true that: * many people want to attend college, given that progs have outlawed IQ tests for employment, so colleges / credentials serve as a proxy * colleges are infantilizing / bad specifically...
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... and * petty bureaucratic tyranny As long as colleges don't QUITE eat up all of the surplus value that they generate for customers (leaving SOME on the table), they can get away with quite a lot and STILL have customers thronging for admission.
End of conversation
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