The Monopoly is Over

epiminondas writes:

The barriers to entry just got dynamited.  And the tremors are going to be felt everywhere.

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6 Responses to The Monopoly is Over

  1. Don says:

    Actually this probably means that “connections” will be even more important.


    • epiminondas says:

      It means a scramble for the best colleges will be even more intense. It also means that affirmative action is going to be even more controversial.


  2. ironrailsironweights says:

    Unless and until employers regard online degrees the same way as traditional degrees it means very little.



  3. Janon says:

    The problem is that it dynamites the barriers not just for U.S. citizens but for people overseas, and that would promote more labor arbitrage. If degrees by MOOC’s pan out, and they might not (e.g. for the reason Peter stated), it is the broad American middle class, not just displaced Ivory Tower academics, who could suffer. We may all get to experience living in the third world firsthand here at home.


    • epiminondas says:

      That’s more a function of our non-existent immigration laws. The way things are going, we’ll all be living under third world conditions in another two generations.


      • Janon says:

        If you’re right, we’re lucky we’ll both be dead. I also can’t think of a better reason not to have any kids. Who would wish that future on them?


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