End of an Era

[Editor's note: We have suspended our three decade long run of independent (muckraking) journalism and analysis and will let you know where we go from here. The 2024 lawsuit against founder/editor Dahn Shaulis (Chip Paucek and Pro Athlete Community v Dahn Shaulis) is pending. While the legal bill is enormous, we expect to win. In the meantime, please support independent voices like Richard Wolff, Roger Sollenberger, Julie K. Brown, and Troy Barile.  #veritas]

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#accountability #adjunct #AI #AImeltdown #alienation #Ambow #anomie #anxiety #austerity #BDR #bot #boycott #BRICS #charliekirk #China #civilwar #climate #collegemania #collegemeltdown #crypto #CTE #democracy #divest #doomloop #edtech #edugrift #enshittification #epstein #epsteinfiles #FAFSA #fascism #genocide #greed #IDR #incel #India #jobless #kleptocracy #labor #medugrift #moralcapital #NCAA #neoliberal #nokings #nonviolence #Palantir #protest #PSLF #PXED #QOL #rehumanization #resistance #robocollege #robostudent #roboworker #Russia #solidarity #strikedebt #surveillance #temperance #TPUSA #transparency #Trump #value #veritas #virtue #WWIII

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On our last full day of operation, we extend our deepest gratitude to the many courageous voices who have contributed to the Higher Education Inquirer over the years. Through research, reporting, whistleblowing, analysis, and public service, you have exposed inequities, challenged powerful interests, and helped the public understand the realities of higher education.

Special thanks to:
Bryan Alexander (Future Trends Forum), J. J. Anselmi (author), Devarian Baldwin (Trinity College),  Lisa Bannon (Wall Street Journal), Joe Berry (Higher Education Labor United), Kate Bronfenbrenner (Cornell), Stephen Burd (New America), Ann Bowers (Debt Collective), James Michael Brodie (Black and Gold Project Foundation), Patrick Campbell (Vets Ed Brief), Richard Cannon (activist), Kirk Carapezza (WGBH), Kevin L. Clay (Rutgers), Randall Collins (UPenn), Marianne Dissard (activist), Cory Doctorow, William Domhoff (UC Santa Cruz), Ruxandra Dumitriu, Keil Dumsch, Garrett Fitzgerald (College Recon), Glen Ford (with the ancestors), Richard Fossey (Condemned to Debt), Erica Gallagher (2U Whistleblower), Cliff Gibson III (Gibson & Keith), Henry Giroux (McMaster University), Terri Givens (University of British Columbia), Luke Goldstein (The Lever),  Nathan Grawe (Carleton College), Michael Green (UNLV), Michael Hainline (Restore the GI Bill for Veterans), Debra Hale Shelton (Arkansas Times), Stephanie M. Hall (Protect Borrowers),  David Halperin (Republic Report), Bill Harrington (Croatan Institute), Phil Hill (On EdTech), Robert Jensen (UT Austin), Seth Kahn (WCUP), Hank Kalet (Rutgers), Ben Kaufman (Protect Borrowers), Robert Kelchen (University of Tennessee), Karen Kelsky (The Professor Is In), Neil Kraus (UWRF), LACCD Whistleblower, Michelle Lee (whistleblower), Wendy Lynne Lee (Bloomsburg University of PA), Emmanuel Legeard (whistleblower), Adam Looney (University of Utah), Alec MacGillis (ProPublica), Jon Marcus (Hechinger Report), Steven Mintz (University of Texas), John D. Murphy (Mission Forsaken), Annelise Orleck (Dartmouth), Margaret Kimberly (Black Agenda Report), Austin Longhorn (UT student loan debt whistleblower), Richard Pollock (journalist), Debbi Potts (whistleblower), Jack Metzger (Roosevelt University), Derek Newton (The Cheat Sheet), Jeff Pooley (Annenberg Center), Fahmi Quadir (Safkhet Capital), Chris Quintana (USA Today), Jennifer Reed (University of Akron), Kevin Richert (Idaho Education News), Gary Roth (Rutgers-Newark), Mark Salisbury (TuitionFit), Stephanie Saul (NY Times), Christopher Serbagi (Serbagi Law), Alex Shebanow  (Fail State), Bob Shireman (TCF), Bill Skimmyhorn (William & Mary), Peter Simi (Chapman University), Jeffrey Sonnenfeld (Yale), Gary Stocker (College Viability), Strelnikov (Wikipedia Sucks), Taylor Swaak (Chronicle of Higher Education), Theresa Sweet (Sweet v Cardona), Harry Targ (Purdue University), Moe Tkacik (American Prospect),  Kim Tran (activist), Mark Twain Jr. (business insider), Michael Vasquez (The Tributary), Marina Vujnovic (Monmouth), Richard Wolff (Economic Update), Todd Wolfson (Rutgers, AFT), Helena Worthen (Higher Ed Labor United), DW (South American Correspondent), Heidi Weber (Whistleblower Revolution), Michael Yates (Monthly Review), government officials who have supported transparency and accountability, and the countless other educators, researchers, whistleblowers, advocates, and public servants whose work strengthens our understanding of higher education.

Together, you form a resilient network of knowledge, courage, and public service, showing that collective insight can illuminate even the most entrenched systems. Your dedication has been, and continues to be, invaluable.

Dahn Shaulis and Glen McGhee

Higher Education Without Illusions

In 2025, the landscape of higher education is dominated by contradictions, crises, and the relentless churn of what might be called “collegemania.” Underneath the polished veneer of university marketing—the glossy brochures, viral TikToks, and celebrity endorsements—lurks a network of systemic pressures that students, faculty, and society at large must navigate. The hashtags trending below the masthead of Higher Education Without Illusions capture the full spectrum of these pressures: #accountability, #adjunct, #AI, #AImeltdown, #algo, #alienation, #anomie, #anxiety, #austerity, #BDR, #bot, #boycott, #BRICS, #climate, #collegemania, #collegemeltdown, #crypto, #divest, #doomloop, #edugrift, #enshittification, #FAFSA, #greed, #incel, #jobless, #kleptocracy, #medugrift, #moralcapital, #nokings, #nonviolence, #PSLF, #QOL, #rehumanization, #resistance, #robocollege, #robostudent, #roboworker, #solidarity, #strikedebt, #surveillance, #temperance, #TPUSA, #transparency, #Trump, #veritas.

Taken together, these words map the terrain of higher education as it exists today: a fragile ecosystem strained by debt, automation, political polarization, and climate urgency. Students are increasingly treated as commodities (#robostudent, #strikedebt), faculty are underpaid and precarious (#adjunct, #medugrift), and universities themselves are subjected to the whims of markets and algorithms (#algo, #AImeltdown, #robocollege).

Financial pressures are unrelenting. The FAFSA system, once intended as a bridge to opportunity, now functions as a tool of surveillance and debt management (#FAFSA, #BDR). Public service loan forgiveness (#PSLF) continues to be delayed or denied, leaving graduates to navigate the twin anxieties of indebtedness and joblessness (#jobless, #doomloop). Meanwhile, austerity measures squeeze institutional budgets, often at the expense of research, mental health support, and academic freedom (#austerity, #anomie, #anxiety).

Automation and artificial intelligence are now central to the higher education ecosystem. AI grading tools, predictive enrollment algorithms, and administrative bots promise efficiency but often produce alienation and ethical dilemmas (#AI, #AImeltdown, #roboworker, #bot). In this context, “robocollege” is not a metaphor but a lived reality for many students navigating hyper-digitized classrooms where human mentorship is increasingly rare.

Political and cultural currents further complicate the picture. From the influence of conservative campus organizations (#TPUSA, #Trump) to global shifts in power (#BRICS), universities are battlegrounds for ideological and material stakes. Moral capital—the credibility and legitimacy of an institution—is increasingly intertwined with corporate sponsorships, divestment movements, and climate commitments (#moralcapital, #divest, #climate). At the same time, greed and kleptocracy (#greed, #kleptocracy) permeate administration and policy decisions, eroding trust in higher education’s social mission.

Yet amid this bleakness, there are threads of resistance and rehumanization. Student debt strikes, faculty solidarity networks, and advocacy for transparency (#strikedebt, #solidarity, #transparency, #rehumanization) reveal a persistent desire to reclaim the university as a space of collective flourishing rather than pure financial extraction. Nonviolence (#nonviolence), temperance (#temperance), and boycotts (#boycott) reflect strategic, principled responses to systemic crises, even as anxiety and alienation persist.

Ultimately, higher education without illusions demands that we confront both the structural and human dimensions of its crises. Universities are not just engines of credentialing and profit—they are social institutions embedded in broader networks of power, ideology, and technology. A recognition of #veritas and #QOL (quality of life) alongside the demands of #collegemania and #enshittification is essential for any hope of reform.

The hashtags are more than social media markers—they are diagnostics. They chart a system in flux, exposing the frictions between automation and humanity, austerity and access, greed and moral responsibility. They call on all of us—students, educators, policymakers, and citizens—to act with accountability, solidarity, and courage.

Higher education without illusions is not pessimism; it is clarity. Only by naming the pressures and contradictions can we begin to imagine institutions that serve human flourishing rather than perpetuate cycles of debt, alienation, and social inequality.

Sources & Further Reading:

• An American Sickness, Elisabeth Rosenthal

• Medical Apartheid, Harriet Washington

• Body and Soul, Alondra Nelson

• HEI coverage of student debt, adjunct labor, and AI in higher education

BRICS Universities on the Rise: Prestige, Power, and the Global Student Market

The BRICS alliance—Brazil, Russia, India, China, and South Africa—has emerged as both an economic and educational bloc. While the U.S., U.K., and Europe still dominate in global higher education prestige, the BRICS countries are investing billions to expand their universities’ reach, attract international students, and challenge Western dominance in research and rankings.

The Top BRICS Universities

Recent rankings—such as the “Three University Missions” framework compiled by the Association of Ranking Compilers (ARC)—consistently place Chinese and Russian universities at the top of the BRICS hierarchy.

• China: Peking University, Tsinghua University, Fudan University, Shanghai Jiao Tong University, and the University of Science and Technology of China (USTC) consistently place among the world’s top institutions.

• Russia: Lomonosov Moscow State University and Saint Petersburg State University lead, followed by Moscow Institute of Physics and Technology and Novosibirsk State University.

• India: Indian Institute of Science (IISc) Bangalore and IITs (Bombay, Delhi, Madras) stand out in engineering and science.

• Brazil: The University of São Paulo (USP) and Universidade Estadual de Campinas (Unicamp) are Latin America’s strongest performers.

• South Africa: The University of Cape Town, University of the Witwatersrand, and Stellenbosch University remain the leading African universities.

China dominates numerically, with more than 200 universities represented in BRICS rankings—far ahead of Russia (161), India (93), Brazil (55), and South Africa (fewer than 20).

Beyond Rankings: What BRICS Universities Teach

Most leading BRICS universities are heavily STEM-oriented, training future engineers, medical professionals, and scientists. This is no accident. Just as Western universities in the so-called “Golden Years of Capitalism” prepared students for the industrial revolution, BRICS institutions are preparing for the next epoch—artificial intelligence, robotics, and 5G technologies.

In China and Russia, billionaires exist, but unlike in the United States, they do not dominate university governance. The state, particularly the Party in China, sets the agenda. Education here is not a marketplace of private donors and endowments, but a tool of statecraft and long-term economic planning.

This contrasts sharply with the United States, where higher education has been weaponized as a savior narrative against China—but where the system is riddled with debt, tuition inflation, and the casualization of faculty labor. In China, university education can be tuition-free, with no debt burdens, and designed to produce graduates with immediately usable skills.

International Students and Global Reach

One of the most striking shifts is in international student enrollment, where China has become a global hub. It now hosts the third-largest number of foreign students in the world, behind only the U.S. and U.K. Unlike in the West, international students in China disproportionately choose humanities programs—over 200,000 enrolled compared to fewer than 20,000 in the U.S.

Other BRICS nations are making slower progress. Russia has seen international enrollments grow, with Ural Federal University reporting a twelvefold increase in BRICS-country students since 2012. Brazil, India, and South Africa host far fewer foreign students but are experimenting with scholarship and exchange programs to grow.

Scholarship initiatives—especially linked to China’s Belt and Road Initiative—play a central role. In 2024, 200 Ethiopian students received full scholarships to study in Chinese universities. Institutions like Harbin Institute of Technology and Beijing Institute of Technology have become magnets for students from Africa, South Asia, and the Middle East.

Extraction and Education

The rise of BRICS education cannot be separated from the global economy of extraction—extraction of minerals, extraction of information, extraction of labor, and even extraction through surveillance and coercion. The knowledge economy in BRICS nations increasingly aims to produce technologies and machines that can help, hurt, or kill—from medical robotics to military drones.

Humanities, once central to shaping citizens and culture, risk being sidelined into boutique programs or small schools, little more than hobbies for the privileged. The future of higher education, in BRICS and globally, is being reoriented toward what capitalism demands: technical skills to maintain permanent war, digital economies, and resource exploitation.

Institutional Networks and Alliances

Beyond rankings and enrollments, BRICS has established its own inter-university cooperation networks:

• BRICS Network University (BRICS-NU): A joint initiative promoting academic mobility, joint research, and shared degree programs. It is now expanding to BRICS+ countries such as Egypt, Iran, and the UAE.

• BRICS+ Universities Association (BUA): Formed in 2023 to boost student recruitment and global visibility of BRICS institutions.

These alliances are designed not only to strengthen BRICS solidarity but also to present an alternative to Western-dominated institutions like the Ivy League, Oxbridge, and the Russell Group.

Why BRICS Universities Matter

For students in the Global South, BRICS universities increasingly represent a viable alternative to costly degrees in the U.S. or U.K. The lower tuition, growing prestige, and geopolitical alignment with emerging powers make these schools attractive.

For governments, higher education has become a strategic tool of soft power. China in particular is using its universities to deepen ties with Africa, Central Asia, and Latin America. Russia also leverages education as diplomacy, especially among post-Soviet states.

But the deeper issue is that education everywhere is now shaped by global capitalism, not just national priorities. If there is to be resistance—whether to debt peonage in the U.S. or to authoritarian technocracy in China—it will need to be international, much like labor struggles have had to cross borders.

Looking Ahead

With Egypt, Iran, Saudi Arabia, and the UAE joining BRICS+ in 2024–25, the bloc’s educational footprint will grow even larger. Universities in Cairo, Riyadh, and Abu Dhabi could soon be ranked alongside Peking University and Lomonosov Moscow State.

Singapore, while not a BRICS member, remains an important comparison point: its National University of Singapore (NUS) and Nanyang Technological University (NTU) routinely rank above all but the very top Chinese universities.

As the 21st century unfolds, the global higher education order is no longer confined to the West. The BRICS countries—and their universities—are carving out a new, contested space in the knowledge economy. Whether this space leads to emancipation or further domination is an open question. For now, it looks less like the liberal dream of the university and more like the epoch of the robot, alongside permanent war.

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Sources:

• ARC “Three University Missions” Rankings: brics-ratings.org

• TV BRICS: tvbrics.com

• QS BRICS Rankings 2016

• CEOWorld University Rankings (2018)

• Times Higher Education (THE) International Student Data

• BRICS Network University & BRICS+ Universities Association reports

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Should Elites Get Bailed Out Again?

In 1929, when the stock market crashed, millions of Americans were plunged into unemployment, hunger, and despair. Yet the elites of Wall Street—whose reckless speculation fueled the disaster—often landed softly. By 1933, as the Great Depression deepened, nearly a quarter of the U.S. workforce was unemployed, thousands of banks had failed, and working families bore the brunt of the collapse. Ordinary people endured soup lines, Dust Bowl migration, and generational poverty. The government of Franklin D. Roosevelt eventually stepped in with reforms and safeguards like the FDIC and Glass-Steagall, but not before working-class Americans had paid the heaviest price.

Fast forward to 2008, when the global financial system once again teetered on collapse. This time, instead of letting the failures run their course, the U.S. government rushed to bail out Wall Street banks, auto manufacturers, and other corporate giants deemed “too big to fail.” Banks survived, CEOs kept their bonuses, and investors were shielded. Meanwhile, millions of working-class families lost their homes, jobs, and savings. Student loan borrowers, particularly those from working-class and minority backgrounds, never got a bailout. Adjunct faculty, contract workers, and gig laborers were left to navigate economic insecurity without systemic relief.

The pandemic brought the same story in a new form. Corporate bailouts, Federal Reserve interventions, and stimulus packages stabilized markets far more effectively than they stabilized households. Wall Street bounced back faster than Main Street. By 2021, the wealth of America’s billionaires had surged by more than $1.8 trillion, while ordinary workers struggled with eviction threats, childcare crises, and medical debt.

But the stakes are even higher today. U.S. elites are not only repeating past mistakes—they are doubling down on mass speculation across Artificial Intelligence, crypto, real estate, and equity markets. The rise and collapse of speculative cryptocurrencies revealed how wealth can be created and destroyed almost overnight, with everyday investors bearing the losses while venture capitalists and insiders cashed out early. Real estate speculation has driven housing prices beyond the reach of millions of working families, fueling homelessness and displacement. Equity markets, inflated by cheap debt and stock buybacks, have become disconnected from the real economy, rewarding executives while leaving workers behind.

This speculative frenzy is not just an economic issue—it is an environmental one. Artificial Intelligence requires enormous data farms that use lots of energy.  Fossil fuel corporations and their financiers continue to reap profits from industries that accelerate climate change, deforestation, and resource depletion. The destruction of ecosystems, the intensification of climate disasters, and the burden of environmental cleanup all fall disproportionately on working-class and marginalized communities. Yet when markets wobble, it is these same polluting elites who position themselves first in line for government protection.

The Federal Reserve has played a decisive role in this cycle. By keeping interest rates artificially low for years, it fueled debt-driven speculation in housing, equities, and corporate borrowing. When inflation spiked, the Fed shifted gears, raising rates at the fastest pace in decades. This brought pain to households through higher mortgage costs, rising credit card balances, and job insecurity—but banks and investment firms continued to receive lifelines through emergency lending facilities. The Fed’s interventions have too often prioritized elite stability over working-class survival.

Political leadership has compounded the problem. Under Donald Trump's first term, deregulation accelerated, with key provisions of the Dodd-Frank Act rolled back in 2018. Banks gained greater leeway to take risks, and oversight of mid-sized institutions weakened—a decision that later contributed to the collapse of Silicon Valley Bank in 2023. Trump’s tax cuts overwhelmingly favored corporations and the wealthy, further concentrating wealth at the top while leaving the federal government less able to respond to future crises. In his second term, Trump and his allies signal that they would pressure the Fed to prioritize markets over workers and strip down remaining regulatory guardrails.

The logic of endless bailouts assumes that the survival of elites ensures the survival of the economy. But history proves otherwise. Whether in 1929, 2008, or 2020, the repeated subsidization of corporations and financial elites entrenches inequality, fuels reckless risk-taking, and leaves working families with the bill. The banks, crypto funds, and private equity firms that profit most during boom times rarely share their gains, yet they demand protection in busts.

And the problem is no longer just domestic—it is geopolitical. While U.S. elites depend on bailouts, rival powers are recalibrating. China is building alternative banking systems through the Asian Infrastructure Investment Bank and the Belt and Road Initiative. Russia, sanctioned by the West, is tightening its economic ties with China and other non-Western states. India and Brazil, key players in the BRICS bloc, are exploring alternatives to U.S. dollar dominance. If the U.S. continues to subsidize private failure with public money, it risks undermining its own global credibility and ceding economic leadership to rivals.

National security is directly tied to economic and environmental stability. A U.S. that repeatedly bails out elites while leaving ordinary citizens vulnerable erodes trust not only at home but abroad. Allies may question American leadership, while adversaries see opportunity in its fragility. If the U.S. financial system is perceived as permanently rigged—propping up elites while disempowering its workforce—it will accelerate the shift of global influence toward China, Russia, India, and Brazil.

Perhaps it’s time to let the system fail—not in the sense of mass suffering for ordinary people, but in the sense of refusing to cushion elites from the consequences of their own decisions. If banks gamble recklessly, let them face bankruptcy. If private equity firms strip-mine industries, let them collapse under their own weight. If universities chase speculative growth with predatory lending and overpriced credentials, let them answer for it in the courts of law and public opinion.

Failure, though painful, can also be cleansing. Without bailouts, institutions would be forced to reckon with structural flaws instead of papering them over. Alternatives could emerge: community-based credit unions, worker-owned cooperatives, public higher education funded for the public good rather than private profit, and serious investment in green energy and sustainable development.

The real question is not whether elites deserve another bailout. The real question is whether the United States can afford to keep subsidizing them while undermining its working class, its environment, and its national security. For too long, workers, students, and families have shouldered the costs of elite failure. The survival of the U.S. economy—and its place in the world—may depend not on saving elites, but on building something stronger and fairer in their place.

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Sources:

• Congressional Budget Office, The 2008 Financial Crisis and Federal Response

• Federal Deposit Insurance Corporation, Bank Failures During the Great Depression

• Institute for Policy Studies, Billionaire Wealth Surge During COVID-19

• Federal Reserve, Monetary Policy and Emergency Lending Facilities

• Brookings Institution, Bailouts and Moral Hazard

• BRICS Policy Center, Alternative Financial Governance Structures

• Intergovernmental Panel on Climate Change (IPCC), Climate Change 2023 Synthesis Report

• National Association of Realtors, Housing Affordability Data

• Public Law 115-174, Economic Growth, Regulatory Relief, and Consumer Protection Act (2018)

The Academic Job Search Season: Stress, Survival, and Structural Problems

Every fall, the job search season kicks into high gear. For many academics—graduate students, contingent faculty, and even mid-career professionals—the process is exhausting. Updating résumés, scouring job boards, crafting cover letters, and collecting references has become a ritual of stress. Career guides and webinars offer tips, but they rarely address the structural issues that make academic job hunting such a fraught experience.

The Chronicle of Higher Education is marketing its own “September Collection” of advice: five free articles on managing applications, jump-starting an industry job search, applying outside academe, and coping with the increasingly common “tandem job search” faced by Ph.D. couples. On the surface, this content promises guidance and expert insight. Yet beneath the tips lies a deeper reality: academia’s labor market is in crisis.

The Disappearing Job Market

Managing job applications has become an overwhelming task because the number of secure academic positions has shrunk dramatically. Tenure-track lines are scarce, and adjunctification has normalized poverty wages and instability for tens of thousands of scholars. According to the American Association of University Professors (AAUP), three out of four faculty positions are now contingent—part-time, non-tenure-track, or adjunct. Many of these jobs pay less than minimum wage once preparation, grading, and commuting are factored in.

Meanwhile, universities continue to produce Ph.D.s at record levels, ensuring a glut of qualified applicants for every rare tenure-track posting. The advice to “manage your applications” often masks this reality: candidates are competing for scraps in a system that treats intellectual labor as disposable.

Beyond the Ivory Tower: Exits and Exile

Several of the Chronicle’s highlighted articles focus on leaving academia altogether. Job seekers are told how to “jump-start” industry careers or apply for jobs “outside of academe.” This is not just pragmatic advice—it reflects a broader shift.

Universities have become credential mills, producing far more advanced degree holders than the system can absorb. In 2022, the U.S. awarded over 55,000 doctoral degrees—yet fewer than 10,000 tenure-track positions opened nationwide. The so-called “two-body problem” for dual-academic couples has become a euphemism for professional exile: one or both partners must give up their academic careers or live apart indefinitely.

Debt and Desperation

The situation is compounded by the student debt crisis, which affects graduate students as well as undergraduates. Graduate borrowing accounts for 40% of all federal student loan debt, often exceeding $100,000 for Ph.D.s in the humanities and social sciences. Job seekers enter the market already burdened with debt, only to find themselves competing for contingent jobs that pay less than $25,000 a year.

In contrast, BRICS countries such as China are producing graduates without debt, often tuition-free, and with state-backed pathways into science, engineering, and medical professions. The U.S. system, by comparison, looks less like a ladder of opportunity and more like a trap of financial servitude.

The Role of Billionaires

Adding insult to injury, billionaire donors and corporate interests increasingly shape U.S. higher education. From the Koch network funding business and policy schools, to tech billionaires investing in “disruptive” ed-tech, private wealth dictates academic priorities. The result is a university system aligned with corporate needs—STEM fields for industry pipelines, financialized research, and administrative expansion—while the humanities and social sciences are starved of funding.

Job seekers are told to adapt to this market logic. Attend career fairs. Build transferable skills. Manage stress. But the real dysfunction lies in the fact that billionaires and trustees wield more power over universities than faculty and students combined.

From Individual Struggle to Collective Fight

The Chronicle’s Fall Virtual Career Fair, scheduled for October 15th, is framed as a solution: networking, résumé reviews, stress management. Yet these offerings treat the problem as one of individual navigation, not systemic collapse.

If there is to be resistance, it will not come from résumé workshops or LinkedIn polls about “workplace dysfunction.” It will come from collective struggle: graduate unions, adjunct organizing, debt strikes, and alliances across borders. Just as workers once had to fight internationally against the globalized forces of capital, academic workers will need to see their struggle as more than seasonal job stress.

The job search season is not just a stressful ritual—it is a symptom of a broken, financialized system. For many, the harsh truth is this: the problem isn’t your résumé. It’s the university itself.

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Sources

• American Association of University Professors (AAUP), The Annual Report on the Economic Status of the Profession, 2022–23

• National Center for Education Statistics (NCES), Doctor’s Degrees Conferred by Post-Secondary Institutions

• Brookings Institution, Graduate Student Debt: Dimensions and Policy Implications, 2020

• Coalition on the Academic Workforce, A Portrait of Part-Time Faculty Members, 2012

• The Chronicle of Higher Education, Career Resources and Virtual Fairs, 2024

• Inside Higher Ed, Adjuncts and the Academic Labor Crisis

Make America Crash Again (Glen McGhee and Dahn Shaulis)

The United States faces a complex mix of economic, social, and environmental challenges that, if left unaddressed, could lead to a significant downturn. These challenges include ongoing financial speculation, escalating climate impacts, regulatory rollbacks, rising isolationism, expanding surveillance, immigration enforcement policies, tariff conflicts, and the shifting global balance with the rise of BRICS nations. Alongside these issues, the growing student debt crisis and institutional vulnerabilities compound the nation’s fragility.

Financial markets continue to carry risks linked to speculative activity, which could destabilize critical sectors. The student loan debt, now over $1.7 trillion and affecting millions, limits economic opportunities for many Americans. Particularly concerning are the high-cost, for-profit education models that leave students burdened without clear paths to stable employment. This financial strain reflects broader systemic weaknesses that threaten sustained growth.

Climate change has begun to have immediate effects, with increasing natural disasters disrupting communities and infrastructure. Reduced environmental regulations have intensified these risks, disproportionately affecting vulnerable populations and increasing economic costs.

The rollback of regulatory protections in finance, environment, and education has allowed risky practices to grow while reducing oversight. This shift has raised the chances of economic shocks and deepened social inequalities.

Trade disputes and reduced international cooperation have weakened key economic and diplomatic relationships. At the same time, BRICS countries are expanding their influence, altering the global economic landscape in ways that require careful attention.

The expansion of surveillance programs and strict immigration enforcement have raised concerns about civil liberties and community trust. These pressures threaten the social cohesion needed to address larger systemic issues.

Recent reporting by the Higher Education Inquirer shows that the student debt crisis and speculative financial pressures in higher education mirror and magnify these broader challenges. The sector’s increasing reliance on debt financing not only affects students but also contributes to wider economic fragility (HEI 2025).

Earlier analysis emphasized that these trends were predictable outcomes of longstanding policy decisions and economic structures (HEI 2020).

             [Analysis of US Economic Downturns for duration and population impact]

Preventing a serious downturn requires coordinated action on multiple fronts. Strengthening regulations is necessary to reduce financial risks and protect consumers. Effective climate policies are essential, particularly those focused on vulnerable communities. Reforming higher education financing to reduce unsustainable debt burdens can ease economic pressures. Restoring international cooperation and fair trade practices will help rebuild economic and diplomatic relationships. Protecting civil rights and fostering social trust are crucial to maintaining social cohesion.

These issues are deeply interconnected and require comprehensive approaches.

Sources

Higher Education Inquirer, Let’s Pretend We Didn’t See It Coming...Again (June 2025): https://www.highereducationinquirer.org/2025/06/lets-pretend-we-didnt-see-it-comingagain.html
Higher Education Inquirer, The US Working‑Class Depression: Let’s All Pretend We Couldn’t See It Coming (May 2020): https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
Federal Reserve, Consumer Credit Report, 2025
U.S. Department of Education, Student Loan Debt Statistics, 2025
Intergovernmental Panel on Climate Change (IPCC), Sixth Assessment Report, 2023
Council on Foreign Relations, The BRICS and Global Power, 2024

Economic Update: Capitalism and Culture, Their Connection in Crisis Now (Richard Wolff with Henry Giroux)

On this week’s episode of Economic Update, Professor Wolff provides updates on Medicare advantage and "pre-authorization" as a way to reduce Medicare payments, liberals and radicals split over Mamdani, Trump's current budget further deepens the inequality of wealth across the US, and Mexico attends the BRICS meeting in Rio de Janeiro. In the second part of today’s show, Professor Wolff interviews Professor Henry Giroux from McMaster University, Canada, on capitalism, culture, and fascism in the U.S. today.

Trump’s March Backward

The United States is witnessing an alarming shift in the balance of power. Recent actions by the Supreme Court and Congress have effectively cleared the way for President Donald Trump to exercise authority in ways critics say resemble authoritarian rule.

Central to this shift is the Supreme Court’s decision on July 8, 2025, to allow Trump’s mass federal layoffs to proceed. This ruling overturned a lower court’s injunction that had temporarily blocked the president’s executive order to slash tens of thousands of federal jobs. The layoffs target agencies including the Environmental Protection Agency, the Department of Education, and the Department of Health and Human Services, critical players in addressing climate change, public health, and education.

The court’s decision was unsigned and passed 8–1, with Justice Ketanji Brown Jackson dissenting. Her dissent warned that the ruling emboldens the president to exceed constitutional limits without proper checks.

Just weeks earlier, Congress passed what supporters called the “One Big Beautiful Bill,” a sweeping budget package that enshrined Trump-era tax cuts, eliminated taxes on tips and Social Security income, and drastically reduced funding for social safety net programs like Medicaid and SNAP. The bill also increased Pentagon spending by $125 billion. The legislation passed strictly along party lines, with no Democratic votes.

The atmosphere of intensifying executive authority was underscored on June 14, 2025, when Trump staged a large-scale military parade in Washington, D.C., reminiscent of displays typically seen in authoritarian regimes. The parade featured tanks, fighter jets, and thousands of troops marching through the capital, a spectacle widely criticized as an exercise in pageantry and a troubling signal of militarism. In response, spontaneous “No Kings” protests erupted nationwide, with demonstrators rejecting what they saw as the cultivation of a personality cult and warning against the erosion of democratic norms.

These domestic developments unfold against a backdrop of escalating global crises and geopolitical realignments. The Trump administration has maintained a confrontational stance toward China, imposing new tariffs that have intensified a growing economic cold war. This friction comes as the BRICS coalition — Brazil, Russia, India, China, and South Africa — gains strength, seeking alternatives to the U.S.-dominated financial and diplomatic order.

Meanwhile, the U.S. continues to supply arms and financial support to Ukraine in its conflict with Russia, while simultaneously imposing inconsistent policies that weaken its international credibility, especially regarding the unresolved Palestinian conflict.

At home, the Trump administration’s deregulation of the cryptocurrency market has raised alarms. With minimal oversight, the growing crypto economy faces increased risks of fraud and instability, a symptom of the broader laissez-faire approach that favors corporate interests over public protections.

Adding to domestic turmoil, Trump has controversially pardoned dozens of individuals convicted for their roles in the January 6 Capitol insurrection, framing them as “political prisoners.” Many have ties to extremist groups, and Trump has proposed hiring preferences for them within the federal government’s newly created Department of Government Efficiency, which is leading the controversial federal workforce layoffs.

Legal experts and civil rights organizations argue these actions collectively undermine the constitutional principle of separation of powers. They say the administration’s use of executive orders and politically motivated pardons bypasses Congress and the courts, weakening democratic oversight.

Congress’s role has also been questioned. By passing the partisan budget bill without bipartisan support, critics argue lawmakers have effectively rubber-stamped an agenda that dismantles government functions, cuts vital social programs, and expands military spending.

The Supreme Court’s emergency ruling to lift the injunction against the layoffs further signals the judiciary’s retreat from its role as a check on executive power. By acting swiftly and without a full hearing, the court has allowed a significant reshaping of the federal workforce without thorough judicial review.

Together, these developments mark a troubling trend toward the concentration of power in the executive branch. Observers warn that if left unchecked, these actions could erode the foundations of American democracy and weaken its position in an increasingly multipolar world.

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Sources

San Francisco Chronicle, “Supreme Court clears way for Trump to resume mass federal layoffs” (July 8, 2025)
https://www.sfchronicle.com/politics/article/trump-mass-firings-20761715.php

Associated Press, “Trump signs sweeping tax, spending bill on July 4” (July 4, 2025)
https://apnews.com/article/3804df732e461a626fd8c2b43413c3f0

Politico, “House Republicans pass ‘One Big Beautiful Bill’ after weeks of division” (May 22, 2025)
https://www.politico.com/news/2025/05/22/house-republicans-pass-big-beautiful-bill-00364691

Business Insider, “Supreme Court rules in favor of Trump’s federal layoffs” (July 8, 2025)
https://www.businessinsider.com/supreme-court-ruling-trump-firings-federal-agencies-2025-7

Washington Post, “Trump begins mass commutations for Jan. 6 rioters, defends actions as ‘justice reform’” (March 1, 2025)
https://www.washingtonpost.com/politics/2025/03/01/trump-jan-6-pardons

Medicare Rights Center, “Final House vote looms on devastating health and food assistance cuts” (July 3, 2025)
https://www.medicarerights.org/medicare-watch/2025/07/03/final-house-vote-looms-on-devastating-health-and-food-assistance-cuts