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RE: Higher Education in the USA - Ripoff or Merely a Lost Cause?
Yes, it is indeed a huge rip off!
Universities in Europe are as good and there is a social system that allow everybody to attend high education courses. If you are coming from a wealthy family and you have to pay high rate to attend university, you will never put yourself in such crazy indebted for the rest of your life.
American system is shit in the eyes of a European. Come get free quality education in Paris or Stockholm!
Regarding automation, agreed as well. Lots of job will be lost in 20 to 50 years. People will become more poor and inequality will increase.
I know it sounds pessimistic.
Oh, I know... I was born and grew up in Denmark; it was a completely different system. The system in the USA is broken in large part because the focus of everything is "how can we make money on this?"
It's not that "making money" is a bad thing, but when it is MORE important than "How do we best educate people" then it all becomes very backwards.
I am sure inequality will continue to grow, although I am also hopeful that some of the "Basic Income" projects will actually start to get going. Of course, the question always ends up with "Who is going to PAY for that?"