5 Comments

Another piece I need to write but am trying to put into a forthcoming book. Putting more debt on students only makes sense if the net effect is to increase their new worth...sorta like a well-functioning mortgage increasing net equity in a home over time. In fact, what has happened over the past few decades is that student debt has displaced other subsidies such as for public education, so the net worth of the young, adding together human capital, which really hasn't gone up much, if at all, with net financial capital, which has gone down substantially.

Expand full comment

Too many issues to cover in a short piece. Most of us recognize the extent to which we feel we have lost out due to some unfair discrimination but give less attention to when we have been favored.

Expand full comment

Wise words from a wise man. It's the old let-them-eat-cake syndrome. America's young people need better funding for state universities. The world tells them, get into an Ivy League school. The saddest part about the Asians vs. Harvard law suit was that conservatives found a way to turn one minority against another, and use Asians as wedge for keeping more spaces open for white people at elite schools. Overall, this is part of the ongoing effort to reinforce the structure of structural racism. It's a manifestation of the steady deregulation that we've seen since 1976.

Expand full comment

Ahh, Yes, sooo many issues ! On this topic, Cathy O'Neil's book, "Weapons of MATH Destruction, How Big Data Increases Inequality & Threatens Democracy" addresses the human (frail) concept of AI & algorithms that we deal with every day.

Expand full comment

The laws don't exist anymore quit it. Discrimination lol they will try a murder you if you file discrimination complaint,

Expand full comment