Now that universities are empty, let’s take a sec to recognize just how amazing it is that every skillset takes exactly the same time to acquire. Want to be an Engineer – 4 years! Historian – 4 years! What are the chances of that happening? Don’t know, but Statistician – 4 years!
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So capitalism _might_ eventually solve the problem, but only to the extent where a healthy market appears alongside (say, internet-based instruction), fosters real competition and gets great, and then actual colleges go away.
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But capitalism can never solve the "college sucks" problem in and of itself, because the entire structure of the current market precludes the market conditions you would need for that to happen.
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Don't strict libertarians say the same thing? Namely that the market is always perfect as long as no one interferes with regulations. In other words, if we back off, the market will always be self-functioning and perfect. (Trying not to strawman here...)
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Strict libertarians, as far as I can tell, believe that well-functioning markets occur when government doesn't intervene. But that seems plainly false in my experience. Well-functioning markets seem to occur only when the government provides a number of guarantees and policing.
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