Taking notes 32: Beyond neoliberal miseducation

by Henry A. Giroux As universities turn toward corporate management models, they increasingly use and exploit cheap faculty labor while expanding the ranks of their managerial class. Modeled after a savage neoliberal value system in which wealth and power are redistributed upward, a market-oriented class of managers largely has taken over the governing structures of most institutions of higher education in the United States. As Debra Leigh Scott points out, “administrators now outnumber faculty on every campus across the country.”[1] There is more at stake here than metrics. Benjamin Ginsberg views this shift in governance as the rise of what he … Continue reading Taking notes 32: Beyond neoliberal miseducation

Student loans: The financialized economy of indentured servitude

by Danny Weil Get ready students: your college student loans are due to double on July 2013!  The cost of higher education is spiraling and with it the cost of student loans, one of the biggest Wall Street rackets currently in existence.  Both the Obama administration and the Republicans are seeking “market solutions” they say will staunch the bleeding [1]. Do not be fooled: it is ‘market solutions’ that caused the crisis and with the financialization of education, students are seen as little more than commodities to be bought, sold and monetized for profit. Education is now nothing more than a pernicious, … Continue reading Student loans: The financialized economy of indentured servitude