The Edu Bubble is About to Pop
Fantastic post…
How the Internet is Revolutionizing Education – TNW Industry: “Education is a bubble in a classic sense. To call something a bubble, it must be overpriced and there must be an intense belief in it. Housing was a classic bubble, as were tech stocks in the ’90s, because they were both very overvalued, but there was an incredibly widespread belief that almost could not be questioned — you had to own a house in 2005, and you had to be in an equity-market index fund in 1999. Probably the only candidate left for a bubble — at least in the developed world (maybe emerging markets are a bubble) — is education.”
Head over and read the whole thing for a more detailed explanation of why our American education model is about to experience a major upheaval whether we want it or not…
