Change Quote by Paul Mason
““depletion and climate change. For the older generation it’s easy to misunderstand the word ‘student’ or ‘graduate’: to my contemporaries, at college in the 1980s, it meant somebody engaged in a liberal, academic education, often with hours of free time to dream, protest, play in a rock band or do research. Today’s undergraduates have been tested every month of their lives, from kindergarten to high school. They are the measured inputs and outputs of a commercialized global higher education market worth $1.2 trillion a year—excluding the USA. Their free time is minimal: precarious part-time jobs are essential to their existence, so that they are a key part of the modern workforce. Plus they have become a vital asset for the financial system. In 2006, Citigroup alone made $220 million clear profit from its student loan book.2””
About This Quote
Source Book: PostCapitalism by Paul Mason, 2015
The quote critiques how modern higher education has become a commercialized market that burdens students with financial pressures and limited freedom, contrasting past liberal academic experiences with today's economic exploitation.
In simple terms: Students now face heavy financial and time constraints due to market-driven education.
Key Takeaway
Recognize and address the economic exploitation of students.
Themes
education
economics
labor
student debt
marketization
Mood
critical
concerned
analytical
Type
commentary
critical
analytical
When to use this quote
- policy reform
- student activism
- financial literacy programs
- university governance
- public funding models
Key Concepts
commercialization
financialization
social inequality
Questions to Reflect On
- How can societies restructure higher education to balance accessibility and quality?
- What policies could reduce student financial exploitation?
A Different Perspective
The analysis may overlook variations across countries and institutions where students still enjoy relative freedom.
