The idea that Internet is about to do to college what it’s done to journalism and entertainment seems to be coming dangerously close to conventional wisdom in certain elite circles. Here’s blogger/economist Tyler Cowen yesterday at the Aspen Ideas Festival:
Look at the music industry. It’s been completely overturned by the Internet. My vision of the world is that everywhere will be like the music industry, but we’ve only seen it in a few places so far. Journalism is in the midst of the battle. And higher education is probably next.
It’s not just the bloggers. The University of Virginia’s president was temporarily sacked partly because the school’s Board of Visitors didn’t think she was rushing fast enough into online education, only to be reinstated after a groundswell of protest by the students and faculty. Tech billionaire Peter Thiel has become the pied piper of the “uncollege” movement, arguing that higher-ed is a bubble ready to pop as he encourages students to drop out.Click here to read more >>