Casino Capitalism in EdTech
Glenda Morgan,
On EdTech Newsletter,
May 08, 2024
Glenda Morgan desscribes 'casino capitalism' in in EdTech as "when universities try to act quickly and end up investing large amounts of money on risky ventures without engaging in appropriate levels of due diligence." Examples mentioned include Purdue acquiring Kaplan University and the University of Arizona buying Ashford University. Or when universities ("usually a Dean, hence the term 'Deans Gone Wild') signing a deal with an online program manager (OPM). Why does this keep happening? There's the need to raise revenue, suggests Morgan. Also: new money, fear of missing out (FOMO), and secrecy. I'd say the rate of these risks by universities (especially public universities) is much lower than in the private sector generally.
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