Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Political Ideologies > Big Government

Big Government Big Government Forum - Political Philosophy Forum


Reply
 
LinkBack Thread Tools Display Modes
Old May 11th, 2017, 07:44 AM   #1
Celebrating diversity
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 21,954
How Higher Education has become a Racket

Quote:

Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers.

“Legal” rackets have two essential components: a public-relations “cover” that obscures the racket and the mechanism that extracts the wealth from the “marks.” The Higher Education Racket qualifies on both counts:

1. The PR cover is “you all need a college diploma, and we’re here to make that happen.” Yea for more education!

2. The extraction mechanism is student loans. Here’s a chart that shows what happened relatively recently: your federal government began guaranteeing obscene profits to student-loan lenders and debt-serfdom for tens of millions of “marks” i.e. students.

https://www.lewrockwell.com/2017/05/...ecame-rip-off/



We are allowing the state to make a generation of debt slaves before they can buy a beer or a handgun. Criminal.
Sabcat is online now  
Reply

  Defending The Truth Political Forum > Political Forum > Political Ideologies > Big Government

Tags
education, higher, racket



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Higher Education Toefoot Education 1 December 20th, 2016 07:32 AM
Higher Education: Capitalism At Its Most Despicable LongWinded Current Events 88 October 30th, 2015 06:41 AM
Higher Education knot_e_lady Education 9 August 16th, 2007 12:50 PM
Extended Adolescence and Higher Education Philosophy 0 December 31st, 1969 04:00 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.