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04/18/2018

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Brent

I don't think you need philosophy to work out why student debt shot up... I went to school during the period when the government here in Ontario cut funding to post secondary and removed the limits on increases to tuition. My tuition started out as a token amount... about the same as books. Paying for school for a term was dependent on covering food and rent, which were much larger costs. By the end, tuition was the the largest cost... food+rent would have been more at that time, but since tuition was going up at 10% a year, it was doubling about every 7 years, and that was more than 20 years ago.

Rent hasn't exactly gone down either... it was stagnant back then, but in the last decade it's gone up a lot in the area.
Plus they've rezoned the area around the university to high density, and now most of the housing near the university is in these new expensive apartments where they pack 5 to a unit. Which students seem to be happily doing (because they're still building more), probably because it's nothing next to their tuition now... it's the old sales gimmick, where you can push expensive add-ons when the person is already committed to spending a lot of money, because they feel cheap in comparison.

You might be interested in this Mark Rosenfelder's take on the move from capitalism to robber capitalism/rentier aristocracy.

https://zompist.wordpress.com/2018/02/23/robber-capitalism/

Steve

"Had Nixon's ratf*ckers not successfully torpedoed Ed Muskie's run for the presidency, for instance, we might be living in a very different world."

Thank you for that, I rarely see this referenced. In my early politically formative years, what Nixon's crew did to Ed Muskie, and more specifically to his wife, struck me as so vile that I haven't trusted the Republican Party since. Not that they tried to reform themselves after that with such notables as Lee Atwater, Karl Rove, and Roger Stone tied to the party.

Woodrowfan

not to mention Nixon sabotaging a peace treaty to get us out of Vietnam in 1968.

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