ZenBear
@ZenBear
13 YearsCancer
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Did college ruin the economy?
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i am naturally against federal education. perhaps in a different time period where the government is the opposite of wh
i want to major political science and minor history and yes i know that these 2 will be more than useless in real life b
Discuss.
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Mine is Sports Medicine. I like it because there is so many different ways I can go with it, and the pay is great too.
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The economy crashed when the banks went under because people were being approved for loans they couldn't pay back. The government tried to bail them out, and the people in charge squandered it on BS bonuses for execs. This only caused our economy to continue its nosedive, and all those taxpayers' dollars out of the middle-class's pockets went down the drain.
Why weren't people able to pay off their loans? Laziness? Maybe. But consider this: a vast majority of recent (past 5-10 years) college graduates don't actually work in the field they studied, and instead work menial jobs waiting tables to pay the bills and their MASSIVE college loans. It seems entirely plausible that during those years in college when they believed they would come out on top of the world with high paying careers in interesting fields, they took other loans for cars, homes, entertainment, etc. When they didn't get the jobs they wanted, they couldn't pay off their other loans and we all suffered for it.
Now where does all this money they paid for their education go? Some universities and community colleges are owned by the government, but what about the private colleges? If I'm not mistaken Harvard, Stanford, the Ivy League, all the best and most expensive colleges are owned by private parties, and they rake in a humongous personal profit. Where do they spend all this money? They use it to make more money and consolidate their incomes. They invest in other companies, dropping millions of dollars because it will return hundreds of millions down the road. All of this money, all of this profit, doesn't appear out of thin air, or from their hard work; it comes out of the pockets of everyone else.
So obviously this isn't the sole reason for our shitty economy, but did it not contribute? Is there a way to change the college system, to make college the "service industry" it's supposed to be, and thus improve everyone's lot and life by giving us all the education we need to be truly productive members of society without dumping massive amounts of money into the pockets of the 1% ?
Again, just a thought, and hardly a complete theory as of yet.