Häagen-Dazs in a waffle cone is the ambrosia I need to undertake another comparison of Professional Society of Academics finances to those found in the higher education institution mode of production. The familiar heritage of universities and colleges forms a needless and thoughtless monopoly on earning and learning that I disclaim and defy using a mode of production that is superior on all measures, including dramatic reduction in the cost of the social good to students and society.
i) tens of
billions in research funding,
ii) hundreds
of billions in appropriations,
iii) tens
of billions in government oversight,
iv) hundreds
of billions in student financial aid,
v) tens to
hundreds of billions in opportunity costs,
vi) and
more that counts as the real cost of an inheritance.
For argument’s sake we can assume that these moneys dance close to a trillion-dollar tune every year across public and private higher education, with spending in the sector totaling $702 billion in 2020-21, down from $719 billion the year before. This traditional higher education financial tune is composed of trillion dollar notes that measure the full score of university and college costs to students and society. Costs that include hundreds of billions in institutional debt carried by these legal persons, along with a growing backlog of capital renewal that exceeds two trillion dollars, all officially tallied in service and stewardship to people-citizens who are left to shoulder student debt that now hovers around the two trillion dollar mark. That's a lot of trill notes for an anthem that PSA can perform better in the billion dollar register.