Looting The Students

Scott Lemieux at Lawyers Guns and Money points to NYU as a fine example of academic looting.

My short version (though the original isn’t long): “Students at NYU are taking on debt at a rate 40% above the national average to subsidize second homes for professors who teach elsewhere.”

And here’s the short version of the general principle at work: “Rich people take money from poor people because they can and use it to do whatever they want because the only people powerful enough to stop them are doing the same thing.

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