One of the New Far-Right Buzzwords Appears to Be “Cartel”
This buzzword has actually been around for a while:
Higher Education Is a Government-Created Cartel
By Conn Carroll
August 6 2013
The government-created accreditation cartel is one of the biggest reasons why college costs continue to rise and there is very little innovation in the higher education industry. It is no accident that the Fortune 500 company list from 1983 looks nothing like it does today, but the US News College Rankings have been virtually unchanged since they began in 1983.
Higher Education Cartel, Meet Creative Destruction
By Charles Hugh Smith
September 10, 2013
Modern colleges and universities have collectively become a rent-seeking cartel, an alliance of nominally competitive institutions that maintains a highly profitable monopoly of accreditation.
Correspondent Mark G. succinctly summarizes why higher education is ripe for the creative destruction of its cartel model. His brief account captures the essential dynamics so well that I made it…
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