Lecture delivered by the Associate Editor & Chief Economics Commentator of the Financial Times in which he laments the decline of elite British universities and recommends as a cure the privatization of the system, increased tuitions and student loans based on the cost of learning. The case is not well made. The argumentation consists mostly of straw man rebuttals, innuendo, sweeping generalizations and misuse of statistics. And the primary points made to support his case - that people don't really need a post-secondary education and that attempts to increase access have failed in any case - are more likely false than true.
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