In the United States, there is a large educational scandal. Bribery to get kids of famous or rich people to get them into prestigious universities. If we look at why this matters than we need to see at what’s happening in the American economy. Due to political interference, you need a college degree for almost every type of work. Including the jobs that won’t need any qualification if we are honest. At the same time our politicians demanding that all universities are open to everyone. Including those who are lacking the intellectual capacity to fulfill education with success.
The prestige of the education institution is important for the future career. The more prestigious the University the better the job and career opportunities.
When we look at the success of the universities than it is interesting to look at the success rate. It is College dropouts who launched great inspirational ventures. Ventures which created jobs and profitability for society. In the basic are all universities are turning young people not to do great things but to work for those.
It is clear that we can’t teach entrepreneurship. If it was possible to teach than the USSR and currently North Korea would be extremely wealthy nations. But the USSR is part of history and North Korea could we best describe as a country where you die from hunger.
We can’t say that the United States economy is at the deplorable state of the Soviet Union or North Korea. But the educational system is showing that the western world is in a deplorable state.