Thomas Sowell on why colleges are becoming obsolete and out of touch.

This guy is one of the world's great economists. At 96 years old he still has great insight. He's speaking of why American colleges are failing.

My take. Colleges today are overpriced and falling behind in product design. Most Ivies incur 40% of their costs providing administrative functions. Talk about bloated! They could easily provide a degree in three years, not four. Most Ivies with room/board are now $90,000/year.

Meanwhile they yearn for racial diversity yet they off zero diversity of thought. Their faculty is approx 90% left leaning which stifle critical debate, thinking and promote censorship.

As the chart (produced by Gemini) show, approx %15-20% of Ivies funding comes from American tax payers. Why should they carry the economic weight of an outdated, biased ball and chain?

Academics claim that without colleges and NIH grants vital research and scientific innovation can't take place. Really? Harvard assesses a 70% additional educational tarrif on all Federal grant money for research. Meaning if you need $100 to student Aarvaarks the college collects $170 to cover it's "overhead". Why not conduct that research at a private lab and save the $70?

Is AI making college even more out of step with innovation? You bet. Is that the best environment to learn that subject. I think not.

Either American colleges will reinvent themselves or go the way of the horse and buggy to be replaced by something better.

Then there's the high school arms race that makes teens run an outdated and inefficient obstacle course climb the Hogwarts sorting hat.

BTW: in case you think I'm crying sour grapes I'm a graduate of Middlebury College and the University of Chicago's Graduate School of business. When I attended, back in the Stone Age, they offered a vastly superior product at a reasonable cost. No longer.

https://www.youtube.com/watch?v=PVPLFjpLNCY