Competition
America has lost its moorings. We were once a free nation which rewarded people for innovation and excellence. The land of the free and home of the brave is now a nation dominated by an over-reaching federal government which bears no resemblance to the government envisioned and prescribed by the Founders. We have a socialist system of public education that abhors competition, resists change, and seeks to prohibit innovation and progress.
Few people seem to understand that our greatness as a nation is built upon competition and the pursuit of excellence, not enforced compliance with government rules!
Because there is no competition, our system of higher education is a bloated bureaucracy fueled by easy federal education loans which more and more students are finding difficult to repay.
Because there is no price competition in higher education, it is overpriced.
According to Dr. Thomas Sowell, in his book, Economic Facts and Fallacies, "...traditional colleges and universities, the American Association of University Professors and the six regional accrediting bodies seek to protect existing practices from competition by condemning less expensive alternatives as educational quality deterioration."
In America we used to let competition and creativity among firms, institutions, organizations and individuals determine who succeeds and who doesn't; we let the marketplace decide who wins and loses.
Traditional educators, colleges and universities, represent a socialist cartel of self-serving institutions who seek to eliminate all competition in order to keep prices high, their jobs comfortable and leisurely, and do so with our tax dollars.