“The higher education mantra is possibly the greatest cliché in American public life.” Thomas Frank argues that greed has taken over at most universities in the U.S., causing costs to spiral out of control, administrators to proliferate, and professors’ work to be outsourced to instructors with no benefits or job security:

“We don’t pause to consider that maybe we’ve got the whole thing backwards—that the big universities expanded in their heyday to keep up with industry demand, not to build the middle class. Instead, what everyone agrees on is this: higher education is the industry that sells tickets to the affluent life. In fact, they are the only ones licensed to do this. Yes, there are many colleges one can choose from—public, private, and for-profit—but collectively they control the one credential that we believe to be of value. Everything about them advertises it. The armorial logos, the Gothic towers, even the names of the great colleges, so redolent of money and privilege and aristocracy: Duke and Princeton and Vanderbilt. If you want to succeed, you must go to them; they are the ones controlling the gate.”