Neoliberalism is destroying the value of our public universities.
Central to this neoliberal view of higher education in the United States and United Kingdom is a market-driven paradigm that seeks to eliminate tenure, turn the humanities into a job preparation service, and transform most faculty into an army of temporary subaltern labor. For instance, in the United States out of 1.5 million faculty members, 1 million are “adjuncts who are earning, on average, $20,000 a year gross, with no benefits or healthcare, no unemployment insurance when they are out of work.”[11] The indentured service status of such faculty is put on full display as some colleges have resorted to using “temporary service agencies to do their formal hiring.”[12]
...[M]any of the problems in higher education can be linked to diminished funding, the domination of universities by market mechanisms, the rise of for-profit colleges, the intrusion of the national security state, and the diminished role of faculty in governing the university, all of which both contradict the culture and democratic value of higher education and makes a mockery of the very meaning and mission of the university as a democratic public sphere.
The picture seems quite bleak.
And for this kids go into mortgage sized debt.
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