FWIW, my university (Otago) is in the top 300 or better on all the ranking systems.
]]>Education, on the other hand, has intrinsic value, and at least in theory, better schools give better value – like buying real leather instead of pleather. BUT – just as the chi-chi stores now sell pleather purses (why?) so do the chi-chi schools offer watered down degrees.
Presently you’re paying only for the name, not for the content. And when people start noticing that (they have) then people will leave the names in the dust and start looking for content once again. There will be mistakes (vintage bags don’t stand up to daily use, the leather’s rotted in storage) but eventually we’ll sort out something that gives true value once again. That may mean your mother goes to Mexico to find people still making the old purses… or you figure out how to get that one-on-one education that the elite valued 75 years ago… but intrinsic value will be found out and win in the end.
The transition, as all transitions are, will probably be messy.
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