[lbo-talk] Reserve army of the Phds

dredmond at efn.org dredmond at efn.org
Wed Dec 29 10:02:47 PST 2010


On Wed, December 29, 2010 5:58 am, Marv Gandall forwarded:


> The disposable academic
> Why doing a PhD is often a waste of time
> The Economist
> Dec 16th 2010
>
> Meanwhile,
> business leaders complain about shortages of high-level skills,
> suggesting PhDs are not teaching the right things.

Hilarious. Pray tell, what high-level skills would those be? Selling bogus CDOs to European pension funds? Cooking the books through accounting shenanigans? High-end mortgage fraud? Shuttering union plants and selling off the machinery overseas?

One of the greatest ironies of neoliberalism is that it fundamentally hates both education as well as innovation. Neither is profitable over the short term, and both create long-term egalitarianism and upward mobility -- potential threats to the oligarchy of bubble-capital.

-- DRR



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