“After a century, it is fair to say fiat has successfully destroyed the modern university as a center of learning and research, transforming a once noble institution into a make-work welfare program for nerds, a highly overpriced credential mill, an inescapable debt trap, a country club experience, a political indoctrination camp, and a corporate advertising agency. He who pays the piper calls the tune, and as students are not the main source of income for universities, they are increasingly turning into the product universities offer to their various governmental and private sponsors, rather than the consumers.”

“Perhaps the most pernicious effect of the fiatization of the modern university is the destruction of the scientific method. What passes for science now is a mix of government propaganda, corporate advertising, make-work welfare programs for nerds, and research papers that amount to meaning-free irrelevant gibberish. This sad state of affairs persists and survives because government intervention has removed the market test for success.

With funding for research primarily coming from government bureaucrats, academics don’t need to worry about real-world, profitable applications of their work. Irrelevant research bears no cost for the researcher or his institution.”

From:

The Fiat Standard

By: