Noam Chomsky: Corporate business models are hurting American universities

The linguist and philosopher on the Walmartization of higher education, and what we can learn from John Stuart Mill

Noam Chomsky, Noam Chomsky’s Official SiteFriday, Oct 10, 2014 05:30 AM CST

http://www.salon.com/2014/10/10/noam_chomsky_corporate_business_models_are_hurting_american_universities_partner/

The idea is to divide society into two groups. One group is sometimes called the “plutonomy” (a term used by Citibank when they were advising their investors on where to invest their funds), the top sector of wealth, globally but concentrated mostly in places like the United States. The other group, the rest of the population, is a “precariat,” living a precarious existence.