
Karen De Coster, the self-styled Queen of Political Incorrectness, took exception to my critique of her blog praising a Ted Rall column recently featured on LewRockwell.com.
De Coster continues to insist that “Rall sure is right on the college thing”. Hopefully she doesn’t endorse Rall’s call for the nationalization of higher education, but at a minimum she must be standing by the passage she quoted:
“You may be thinking: tough bananas. This is America. If you’re stupid enough to borrow more dough than the average Joe pays for a house to listen to men with bad beards expound on Proust, it’s your own overeducated fault that you’re stuck with the bills.
But that’s horse manure.
As more and more employers require college degrees, more and more people will seek them. During the age of advancing globalization, national leaders say, Americans need more education to compete. Moreover, student loans are big business. Citibank’s Student Loan Marketing Association, which holds outstanding student loans totaling $21 billion, recently announced that it turned a profit of $176 million last year, a 30 percent increase over 2001.”
Frankly it is your fault if you purchase an education that isn’t at least in prospect worth what you pay for it. Rall is a typical socialist who is offended that people actually make money selling and financing education, and he believes that businesses can simply dictate terms to prospective employees. But of course if a college education costs more than it’s worth then it makes no sense to buy one, since meeting the requirement is a losing proposition. If the education required costs more than it’s worth then you’re better off without the job that requires it. In a market employers cannot hope to fill their positions with people willing to work at a net loss, though I’m sure socialists like Rall think otherwise.
In my original critique I said:
De Coster takes the collectivist bait here, hook, line, and sinker, agreeing that individuals have “no choice” because of “hiring demands”.
De Coster objects that I misquoted her there and therefore misinterpreted her. It’s true that the exact words “no choice” do not occur in her text, and thus I have not quoted her accurately. But here is what she said, verbatim:
“They do it because modern workforce hiring demands don’t give them a choice.”
My characterization of her remarks was perfectly fair, in spite of a trivial misquote. Individuals do have choices and of course many people in fact choose not to go to college regardless of what businesses would prefer. All this talk of no choice in the market is commie nonsense.
De Coster says:
“Rall is exactly right. Higher education has become a scam for the government, universities, banks, and big business. It’s getting so that corporate America won’t even take on a 170-something IQ individual if they haven’t got themself some cheesy, worthless “General Business” or MBA degree from somewhere.”
How does turning down qualified individuals work as a scam? In most scams the scammer is looking to get the better of the deal, but in this case corporate America is leaving value on the table, geniuses no less, for any competitor to snap up. And the reward? They might get to hire the same geniuses years later, older but no better educated. That’s some scam.
De Coster doesn’t care to take the time to explain why Rall is exactly right, but she indicates that Silas Barta is on the right track in his comments on the ASC forum. Barta argues that college costs are driven up by:
1. Minimum wage.
2. Public schools.
3. Education subsidies.
4. High taxes.
That’s fine, but wait a minute, there’s something fishy here….
1. Rall is for the minimum wage.
2. Rall is for public schools.
3. Rall is for education subsidies.
4. Rall is against tax cuts.
I fail to see how Barta’s arguments can support De Coster’s claim that Rall is exactly right when Rall rejects every principle that Barta argues from. Barta tries to defend De Coster by saying:
“…Rall is correct to recognize that being deep in debt for an education is not normal, and corporations encourage it. (He fails to recognize, of course, the latter is due to the government.) “
This is like saying Hillary Clinton is correct to recognize that health care costs more than it otherwise might, though she fails to recognize that government is the problem rather than the solution.
Well hey, I’m willing to agree that Rall is right on education in the same sense that Clinton is right on health care.
In fact, that was my point.