Designed To Fail, Failure Guaranteed

Systems and nations are designed to fail without anyone even noticing: nobody set out to design the current broken system to fail at critical points, but now failure can't be avoided because the incentive structure has locked in embedded processes that enrich self-serving cartels and insiders at the expense of the nation and its populace.

Nobody chose America's insanely perverse healthcare system--it arose from a set of initial conditions that generated perverse incentives to do more of what's failing and protect the processes that benefit cartels and insiders at the expense of everyone else.

In other words, the system that was intended to benefit all ends up benefiting the few at the expense of the many.

The same question can be asked of America's broken higher education system: would any sane person choose a system that enriches insiders by indenturing students via massive student loans (i.e. forcing them to become debt-serfs)?

Students and their parents certainly wouldn't choose the current broken system, but the lenders reaping billions of dollars in profits would choose to keep it, and so would the under-assistant deans earning a cool $200K+ for "administering" some embedded process that has effectively nothing to do with actual learning.

The academic ronin a.k.a. adjuncts earning $35,000 a year (with little in the way of benefits or security) for doing much of the actual teaching wouldn't choose the current broken system, either.

Now that the embedded processes are generating profits and wages, everyone benefiting from these processes will fight to the death to retain and expand them, even if they threaten the system with financial collapse and harm the people who the system was intended to serve.

How many student loan lenders and assistant deans resign in disgust at the parasitic system that higher education has become? The number of insiders who refuse to participate any longer is signal noise, while the number who plod along, either denying their complicity in a parasitic system of debt servitude and largely worthless diplomas (i.e. the system is failing the students it is supposedly educating at enormous expense) or rationalizing it is legion.

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Disclosures: None.

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