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Formal Education Scam in USA and World

August 29th, 2011

25 Comments »

Here is a video I saw on youtube that I thought might be interesting. It is a bit one sided but I’ll admit that I do share SOME, not all, of the views in this video. It’s over an hour long and is more like a documentary talking about how formal education is a kind of brainwashing that is more expensive than it’s really worth. I think it makes some interesting points and it shows just how insanely expensive education in the US is getting for most people. I do realize that university can be important and necessary for many jobs, but it can also be a money making business based upon empty promises. Let me know what you think if you have time to watch it. Start it anyway and you’ll get the idea.

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25 Responses to “Formal Education Scam in USA and World”

  1. Mehdi Says:

    August 30th, 2011 at 2:24 pm

    Hi Andy

    to be honest, I’m personally most interested in your writing, not videos especially a lengthy one.

  2. Bernardo Says:

    September 1st, 2011 at 7:46 pm

    I’ve been telling my family and friends how college degree is overrated long before this video was made. Unfortunately, most people can’t assimilate that because they grew up being taught otherwise. I’m about to graduate in medicine, and it will take a long time until I’m able to recover all the money my parents invested on me.

    The video is of course over the top. It creates what I would call a “conspiracy theory” that the dollar will soon be of no value. Conspiracy theories are often inaccurate and laughable. But this video was actually very informative. Hopefully it will help people open their eyes.

    Final note here. Because of the system we live in, it really takes a lot of courage not to persue college education. I all most did that, but I am not that brave.

    Keep posting great videos like this one. You guys are the best!

  3. Wry Ideas Says:

    September 4th, 2011 at 11:59 pm

    I watched the video in pieces but I liked it because:

    This idea of getting higher education at any price (financial and moral) seems to be very popular in other cultures, not only in US and North America. Unfortunately this type of mentality can be detrimental to the people and to the society. Instead of helping children to develop their own genuine skills, the society and the parents somehow force these children to follow the conventional values. They all want to become doctors and lawyers to become rich and respected by society… (Doctors and lawyers appear to be a cross-cultural cliché.) Very few people think about an important aspect of a job: to like what you do and be good at that job. I have so many real stories in my life that supports this idea: people dropping out of school that become successful businesspeople, terrible doctors and lawyers but with degree or diploma, money lost, and so on.

    This kind of making money businesses is everywhere. I recall the days when I graduated from university when every high-school graduates had to go to college or university. It didn’t matter if they found a job upon graduation, it didn’t matter if that education institution is accredited or not: the degree or diploma is important than anything! You become “someone important.” Again, I know so many real stories in which “the magic diploma” ended up as worthy as toilet paper. It reminds me of a good friend back home: “It’s more important to be an excellent locksmith rather than a mediocre doctor.” This sentence still remains one of my strongest beliefs.

    I am a bit surprised that this topic wasn’t as popular as other topics. Instead writing appreciation messages that look the same all over the website, we’d rather try to force our second-language brains into searching for new words, building new sentences and ideas…

  4. Wry Ideaa Says:

    September 5th, 2011 at 2:46 am

    Using your website, not only I improve my English but I found a new passion – blogging. I always thought a time-wasting thing. I was wrong! It’s really fun! I hope someday my blog will be at least half as visited as your blog.

  5. Brian Says:

    September 6th, 2011 at 6:55 pm

    Somehow I agree with this idea but not completely. I think formal education is kind of long term investment. Either if you want to get a job or stay in academic environment of universities. For someone who is really interested in a special field and wants to know about it as much as it’s possible, spending money is not a serious issue. In many rich and tax based countries which their citizens pay high taxes, academic education is almost free. But hear is the point, in the USA there’s no free formal education and it seems that it costs students more than it should be. Of course it’s business for the local government and private universities, but it can be kind of “pre-business” for students too if they wisely choose the filed and the university. In my opinions, since formal education is important and could not be neglected, the best way is to make it free or low cost by increasing taxes (for unbelievably rich people) and education budget for state universities.

  6. Wry Ideas Says:

    September 10th, 2011 at 8:35 pm

    Hi Andy, I noticed that your forum used to be disabled when I came here in June and now is visible and readable. Is this a sign that you are going to open it and we will be able to use it? Thank you.

  7. Sand Notes Says:

    September 12th, 2011 at 3:03 pm

    you know guys, I’m a very patient and tolerant person with people I like but, on the other hand, I will be definitely retired by the time you open the Writing Section in VIP…

  8. Leonora Drust Says:

    September 27th, 2011 at 6:34 am

    As I have acknowledged, this is a organization tool. It’s not really a miracle machine. It could effortlessly grow to be a further expense if you don’t put the effort and time into finding out how to exploit it.

  9. Maxim Says:

    October 9th, 2011 at 11:25 pm

    Just watched the whole movie. What can I say, the movie is just a bunch of crap. How dare the makers of the movie claim that College Board and other organizations are misleading, if they are so misleading themselves.

    This is so typical. Do you know how cheesy journalists are cooking their stories? Here’s what they do. They take a bunch of extreme and touchy stories. Depict them as dramatic as possible. And then for some reason they make conclusions that those are in fact average cases and so that’s how the word really looks like. Because of the stories are usually so graphic we believe them and they mislead us so easily, but their only goal is to make a splash and nothing else.

    Let’s take a look at the movie more carefuly. For example, this episode with DDS lady. She says she makes 80k and pays 25% in student loan payments. But where is she from? 60k in NYC is not the same as 60k in North Carolina, so it might be really decent amount of money, but they just don’t tell us where this story is taking place, isn’t that weird? Not for them.

    Next. Why on earth they take average $27,293 private college annual tuition and assume that this amount is kind of equal to the average cost of college? This is so gross. How much in fact do Americans pay for college? The answer is about $9000 (http://www.collegeboard.com/student/pay/add-it-up/4494.html). That’s the median college costs according to College Board and that’s in fact 3 times less than what they make us to believe in.

    So what’s the point of the movie in general? Don’t go to college and invest to the the stupid metal? Go to the cheapest online college? And if you “stupid” enough to fall for that and go to college, become a farmer, not lawyer or banker? I don’t know, but I don’t really see they have a consistent point in the movie.

    They claim that there will be hyperinflation. Let’s assume it’s true. Isn’t that the most rational decision to go and get the biggest loan possible and go to the best college to become a doctor or something. Because your loan will be cost next to nothing in just a few years (dollar will be depreciated a lot), but your degree will be worth at least something. Not to mention that college is fun, it’s about friends, parties, social life and even loved ones.

    Anyway, it seems these guys from the movie know nothing about basic economics. Ironically, it really seems they have never gone to college themselves, but they really should have.

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