Rent Seekers

Nitro, I agree that finance has a lot of rent-seeking behavior. ETF's and mutual funds that mirror an index for a 2% management fee any investor could replicate for free in IB TWS. Most funds can't beat the market = glorified hand-holding. I concede that. But rent-seeking is commonplace. It's all around us. Many industries add little-to-no value and charge exorbitant prices. Seems to be the norm. Finance isn't the only one.

Academics love to wax poetic from their ivory towers, when these bitches are some of the biggest usurists out there. The price of a college education in America is outrageous and the COST to deliver that is really a fraction. Do the math on it sometime. And then the academics point fingers.... Pot calling kettle black. Lots of that going around.
 
I think it's best to separate academics with the businesses they actually work for. Do you honestly believe professors are the ones setting university rates?
 
i960 said:
I think it's best to separate academics with the businesses they actually work for. Do you honestly believe professors are the ones setting university rates?
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No, but I don't see any of them protesting it either? Or advocating for broad-based, post-secondary education AT COST. Do you???
 
achilles28 said:
No, but I don't see any of them protesting it either? Or advocating for broad-based, post-secondary education AT COST. Do you???
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No, but there's a hell a lot of a room between AT COST and current university rates. It's not black and white.
 
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