N + 1 provides an insightful analysis of how credentialism and elitism have led to the current higher education bubble, beginning with a recap of how the 19th century antecedent to today’s situation led to insanity, civil war, and some 20 million deaths. Encouraging!
As we’ve been saying over the past many months, the established market for credentials and contacts (the actual product sold by top universities) is being challenged by new models both for dissemination of educational material and awarding of certification. The university as we know it is on its way out. What will replace it? Stop by your local Starbucks for a sneak preview.
From the article linked above:
Introductory economics courses paint “rent-seekers” as gruesome creatures who amass monopoly privileges; credential-seekers, who sterilize the intellect by pouring time and money into the accumulation of permits, belong in the same circle of hell.
Indeed. And the current shifts in education promise to expedite their descent. Here’s hoping. We may be heading for post-credentialism in both higher education and the job market.
What will that look like?
Imagine a meritocracy…actually based on merit.
Yes, it’s a shocking idea. But we may very well be headed there. And not a moment too soon.