The College Scam

By John Stossel

A new book makes The Case AGAINST Education. Who would argue against education?

Economics professor Bryan Caplan. He tells John Stossel that “what we need to do is to go back to a world where college is not so accessible.”

That’s because most people don’t learn much in college. Studies find that a third of people haven’t learnt anything detectable after four years in college.

Yet government pours about $80 billion a year into college subsidies.

“Taxpayers ought to know that they’re getting ripped off,” Caplan tells John Stossel.

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3 Comments on "The College Scam"

  1. Veri Tas 102 | May 29, 2018 at 11:07 pm | Reply

    John Grisham’s book The Rooster Bar comes to mind… 😉

  2. College or higher Ed has been and will be a rip.

  3. Thinking, “this is somehow new, worth noting?” Wife has likely over $100K in school loans owed for a simple associates degree. Told her not to belittle her but that alone teaches me more than enough. There are jobs she got turned away from as even an associates degree made her over qualified. Then, there’s jobs which are dead ending jobs like retail clerk.

    I say they are dead ending jobs because the management / capital will have ‘caps’ in place on how much a ‘insert-job-title-here’ can earn. After that if a person asks for further incentive, compensation they are told to take a salary position which grants the employer the right to cut their pay by half, work them twice as much. Don’t like that idea? Well, I’m sure you can ‘find other work’. Ergo, it’s a dead end job with no hope of advancing to anything of merit.

    Sure, education is great and all but when there’s no need for it due to stagnation, what does education serve then? I see it in my wife, nothing but misery.

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