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Tuesday, November 18, 2025

Why People Under 35 Are Not Afraid of Democratic Socialism

For Americans under 35, the term “democratic socialism” triggers neither fear nor Cold War reflexes. It represents something far simpler: a demand for a functioning society. Younger generations have grown up in a world where basic pillars of American life—higher education, medicine, economic mobility, and even life expectancy—have deteriorated while inequality has soared. Democratic socialism, in their view, is not a fringe ideology but a practical response to systems that have ceased to serve the common good.

Nowhere is this clearer than in higher education. Millennials and Gen Z entered adulthood as universities became corporate enterprises, expanding administrative layers, pushing adjunct labor to the brink, and relying on debt-financed tuition increases to keep the machine running. Public investment collapsed, predatory for-profit chains proliferated, and nonprofit universities acted like hedge funds with classrooms attached. Students saw institutions with billion-dollar endowments operate as landlords and asset managers, all while passing costs onto working families. When Bernie Sanders called for tuition-free public college, young people did not hear utopianism—they heard a plan grounded in global reality, a model that exists in Germany, Sweden, Finland, and other social democracies that treat education as a public good rather than a revenue stream.

Healthcare tells an even harsher story. Americans under 35 watched their parents and grandparents navigate a system more focused on billing codes than care, one where an ambulance ride costs a week’s wages and a bout of illness can mean bankruptcy. They experienced the rise of corporatized university medical centers, private equity–owned emergency rooms, and insurance bureaucracies that ration access more cruelly than any state. They saw life-saving drugs priced like luxury goods and mental health services pushed out of reach. Compare this to nations with universal healthcare: longer life expectancy, lower infant mortality, and far less medical debt. Again, Sanders’ Medicare for All resonated not because of ideology but because young people recognized it as a plausible path toward the kind of humane medical system described by scholars like Harriet Washington, Elisabeth Rosenthal, and Mahmud Mamdani, who all critique the structural violence embedded in systems of unequal care.

Life expectancy itself has become a generational indictment. For the first time in modern U.S. history, it has fallen, driven by overdose deaths, suicide, preventable illness, and worsening inequities. Younger Americans know that friends and peers have died far earlier than their counterparts abroad. They see that countries with strong public services—childcare, unemployment insurance, housing supports, universal healthcare—live longer, healthier lives. They also see how austerity and privatization have hollowed out public health infrastructure in the United States, leaving communities vulnerable to crises large and small. The message is clear: societies that invest in people live longer; societies that treat health as a commodity do not.

Quality of Life (QOL) ties all of this together. People under 35 face rent burdens unimaginable to previous generations, debts that prevent them from forming families, stagnant wages, and a labor market defined by precarity. They face the erosion of public space, public transit, libraries, and social supports—what Mamdani would describe as the slow unraveling of the civic realm under neoliberalism. When they look abroad, they see countries with social democratic frameworks offering guaranteed parental leave, subsidized childcare, free or nearly free college, universal healthcare, and robust worker protections. These are not distant fantasies; they are functioning models that produce higher happiness levels, stronger social trust, and more stable democracies.

Older generations often accuse young people of radicalism, but the reality is the reverse. Millennials and Gen Z are pragmatic. They have lived through the failures of unfettered capitalism: historic inequality, monopolistic industries, soaring costs of living, and a political class unresponsive to their material conditions. They have read Sanders’ critiques of oligarchy and Mamdani’s analyses of state power and structural violence, and they see themselves reflected in those diagnoses. Democratic socialism appeals because it is rooted in material improvements to daily life rather than in abstract political theory. It promises a society where income does not determine survival, where education does not require lifelong debt, where parents can afford to raise children, and where basic health is not a luxury good.

People under 35 are not afraid of democratic socialism because they have already seen what the absence of a social democratic framework produces. They are not seeking revolution for its own sake. They are seeking a livable future. And increasingly, they view democratic socialism not as a radical break but as the only realistic path toward rebuilding public institutions, revitalizing democracy, and ensuring that future generations inherit a country worth living in.

Sources
Sanders, Bernie. Our Revolution: A Future to Believe In.
Sanders, Bernie. Where We Go from Here: Two Years in the Resistance.
Mamdani, Mahmood. Define and Rule: Native as Political Identity.
Mamdani, Mahmood. Neither Settler nor Native: The Making and Unmaking of Permanent Minorities.
Washington, Harriet. Medical Apartheid.
Rosenthal, Elisabeth. An American Sickness.
Skloot, Rebecca. The Immortal Life of Henrietta Lacks.
Baldwin, Davarian. In the Shadow of the Ivory Tower.
Bousquet, Marc. How the University Works.

Sunday, November 16, 2025

Epstein, Dershowitz, Summers, and the Long Arc of Elite Impunity

For many observers, Jeffrey Epstein, Alan Dershowitz, and Larry Summers appear as separate figures orbiting the world of elite academia, finance, and politics. But together—and through the long lens of history—they represent something far more revealing: the modern expression of a centuries-old system in which elite institutions protect powerful men while sacrificing the vulnerable.

The Epstein-Dershowitz-Summers triangle is not a scandal of individuals gone astray. It is the predictable result of structures that make such abuses almost inevitable.

The Modern Version of an Old System

Jeffrey Epstein built his influence not through scholarship or scientific discovery—he had no advanced degrees—but by inserting himself into the financial bloodstream of the Ivy League. Harvard and MIT accepted his money, his introductions, and his promises of access to ultra-wealthy networks. Epstein did not need credibility; he purchased it.

Larry Summers, as president of Harvard from 2001 to 2006, continued to engage with Epstein after the financier’s first arrest and plea deal. Summers’ administration accepted substantial Epstein donations, including funds channeled into the Program for Evolutionary Dynamics. Summers and his wife dined at Epstein’s Manhattan home. After leaving Harvard, Summers stayed in touch with Epstein even as the financier’s abuses became increasingly public. Summers used the same revolving door that has long connected elite universities, Wall Street, and presidential administrations—moving freely and comfortably across all three.

Alan Dershowitz, former Harvard Law Professor and Epstein’s close associate and legal strategist, exemplifies another pillar of this system: elite legal protection. Dershowitz defended Epstein vigorously, attacked survivors publicly, and remains embroiled in litigation connected to the case. Whether one believes Dershowitz’s claims of innocence is secondary to the structural fact: elite institutions reliably shield their own.

Together, Epstein offered money and connections; Summers offered institutional prestige and political access; Dershowitz offered legal insulation. Harvard, meanwhile, offered a platform through which all three profited.

Knowledge as a Shield—Not a Light

For centuries, elite universities have served as both engines of knowledge and fortresses of power. They are not neutral institutions.

They defended slavery and eugenics, supplying “scientific” justification for racial hierarchies.
They exploited labor—from enslaved workers who built campuses to adjuncts living in poverty today.
They marginalized survivors of sexual violence while protecting benefactors and faculty.
They accepted fortunes derived from war profiteering, colonial extraction, hedge-fund predation, and private-equity devastation.

Epstein did not invent the model of the toxic patron. He merely perfected it in the neoliberal era.

A Four-Step Pattern of Elite Impunity

The scandal surrounding Epstein, Dershowitz, and Summers follows a trajectory that dates back centuries:

  1. Wealth accumulation through exploitation
    From slave plantations to private equity, concentrated wealth is generated through systems that harm the many to benefit the few.

  2. The purchase of academic legitimacy
    Endowed chairs, laboratories, fellowships, and advisory roles allow dubious benefactors to launder reputations through universities.

  3. Legal and cultural shielding
    Elite lawyers, confidential settlements, non-disclosure agreements, and institutional silence create protective armor.

  4. Silencing of survivors and critics
    Reputational attacks, threats of litigation, and internal pressure discourage transparency and accountability.

Epstein operated within this system. Dershowitz defended it. Summers benefited from it. Harvard reinforced it.

Larry Summers: An Anatomy of Power

Summers’ career illuminates the deeper structure behind the scandal. His trajectory—Harvard president, U.S. Treasury Secretary, World Bank chief economist, adviser to hedge funds, consultant to Big Tech—mirrors the seamless circulation of elite power between universities, finance, and government.

During his presidency, Harvard publicly embraced Epstein’s donations. After Epstein’s first sex-offense conviction, Summers continued to meet with him socially and professionally. Summers leveraged networks that Epstein also sought to cultivate. And even after the Epstein scandal fully broke open, Summers faced no meaningful institutional repercussions.

The message was clear: individual wrongdoing matters less than maintaining elite continuity.


Higher Education’s Structural Complicity

Elite universities were not “duped.” They were beneficiaries.

Harvard returned only a fraction of Epstein’s donations, and only after the press exposed the relationship. MIT hid Epstein’s gifts behind false donor names. Faculty traveled to his island and penthouse without demanding transparency.

Meanwhile:

Adjuncts qualify for food assistance
Students carry life-crippling debt
Administrators earn CEO-level pay
Donors dictate priorities behind closed doors

This is not hypocrisy—it is hierarchy. A system built to serve wealth does exactly that.

A Timeline Much Longer Than Epstein

To understand the present, we must zoom out:

Oxford and Cambridge accepted slave-trade wealth as institutional lifeblood.
Gilded Age robber barons endowed libraries while crushing labor movements.
Cold War intelligence agencies quietly funded research centers.
Today’s oligarchs, tech billionaires, and private-equity titans buy influence through endowments and think tanks.

The tools change. The pattern does not.

Universities help legitimate the powerful—even when those powerful figures harm the public.

Why This Still Matters

The Epstein scandal is not resolved. Court documents continue to emerge. Survivors continue to speak. Elite institutions continue to stall and deflect. Harvard still resists meaningful transparency, even as its endowment approaches national GDP levels.

The danger is not simply that another Epstein will emerge. It is that elite universities will continue to provide the conditions that make another Epstein inevitable.

What Breaking the Pattern Requires

Ending this system demands more than symbolic gestures or public-relations apologies. Real reform requires:

Radical donor transparency—with all gifts, advisory roles, and meetings disclosed
Worker and student representation on governing boards
Strong whistleblower protections and the abolition of secret NDAs
Robust public funding to reduce reliance on elite philanthropy
Independent journalism committed to exposing institutional power

Ida B. Wells, Jessica Mitford, Upton Sinclair, and other muckrakers understood what universities still deny: scandals are symptoms. The disease is structural.

Epstein was not an anomaly.
Dershowitz is not an anomaly.
Summers is not an anomaly.

They are products of a system in which universities serve power first—and truth, only if convenient.

If higher education wants to reclaim public trust, it must finally decide which side of history it is on.

Thursday, November 13, 2025

The College Meltdown Index: Profiting from the Wreckage of American Higher Education


“Education, once defended as a public good, now functions as a vehicle for private gain.”


From Collapse to Contagion

The College Meltdown never truly ended—it evolved.

After a decade of spectacular for-profit implosions, the higher education sector has reconstituted itself around new instruments of profit: debt servicing, edtech speculation, and corporate “partnerships” that disguise privatization as innovation.

The College Meltdown Index—tracking a mix of education providers, servicers, and learning platforms—reveals a sector in quiet decay.

Legacy for-profits like National American University (NAUH) and Aspen Group (ASPU) trade at penny-stock levels, while Lincoln Educational (LINC) and Perdoceo (PRDO) stumble through cost-cutting cycles.

Even the supposed disruptors—Chegg (CHGG), Udemy (UDMY), and Coursera (COUR)—are faltering as user growth plateaus and AI reshapes their value proposition.

Meanwhile, SoFi (SOFI), Sallie Mae (SLM), and Maximus (MMS) thrive—not through learning, but through the management of debt.


The Meltdown Graveyard

Below lies a sampling of the education sector’s ghost tickers—the silent casualties of a system that turned public trust into private loss.

SymbolInstitutionStatusApprox. Closure/Delisting
CLAS.UClass TechnologiesDefunct2024
INSTInstructure (pre-acquisition)Acquired by Thoma Bravo2020
TWOUQ2U, Inc.Bankrupt2025
CPLACapella UniversityMerged with Strayer (Strategic Ed.)2018
ESI-OLDITT Technical InstituteDefunct2016
EDMCEducation Management CorporationDefunct2018
COCO-OLDCorinthian CollegesDefunct2015
APOLApollo Education Group (U. of Phoenix)Taken Private2017

Each ticker represents not only a failed business model—but a generation of indebted students.


The Phoenix That Shouldn’t Have Risen

No institution better symbolizes this moral decay than the University of Phoenix and Phoenix Education Partners (PXED).

At its height, Phoenix enrolled nearly half a million students. By 2017, following federal investigations and mass defaults, Apollo Education Group—its parent company—collapsed under scrutiny.

But rather than disappearing, Phoenix was quietly resurrected through a private equity buyout led by Apollo Global Management, Vistria Group, and Najafi Companies.

Freed from public oversight, the university continued to enroll vulnerable adult learners, harvesting federal aid while shedding accountability.

In 2023, the University of Idaho’s proposed acquisition of Phoenix provoked national outrage, forcing state officials to confront a basic question: Should a public university absorb a for-profit brand built on exploitation?

The deal collapsed—but the temptation to monetize Phoenix’s infrastructure remains. In 2025, a small portion became publicly traded.  Its call centers and online systems remain models of enrollment efficiency, designed to extract just enough engagement to secure tuition payments.


From Education to Extraction

The sector’s transformation reveals a deeper moral hazard.

If students succeed, investors profit.
If students fail, federal subsidies and servicer contracts ensure the money keeps flowing.

Executives face no downside. Shareholders are protected. The losses fall on students and taxpayers.

In this sense, the “meltdown” is not a market failure—it’s a market design.

“The winners are those who most efficiently extract value from hope.”

Public universities increasingly partner with private Online Program Managers (OPMs), leasing their brands to companies that control marketing, pricing, and student data. The once-clear line between public and for-profit education has blurred beyond recognition.


The Quiet Winners of Collapse

A few companies continue to prosper by aligning with “practical” or “mission-safe” sectors:

  • Adtalem (ATGE) in nursing and health education,

  • Grand Canyon Education (LOPE) in faith-branded online degrees,

  • Bright Horizons (BFAM) in corporate childcare and workforce training.

Yet all remain heavily dependent on public dollars and tax incentives. The state subsidizes their existence; the market collects the rewards.

Meanwhile, 2U’s bankruptcy leaves elite universities scrambling to explain how a publicly traded OPM, once championed as the future of online learning, could disintegrate overnight—taking with it a network of high-priced “nonprofit” certificate programs.


A Reckoning Deferred

The College Meltdown Index exposes a system that has internalized its own failures.
Fraud has been replaced by financial engineering, transparency by outsourcing, and accountability by spin.

The real collapse is not in the market—but in moral logic. Education, once the cornerstone of social mobility, has become a speculative instrument traded between hedge funds and holding companies.

Until policymakers—and universities themselves—confront the ethics of profit in higher education, the meltdown will persist, slowly consuming what remains of the public good.


“The real question is not whether the system will collapse, but who will rebuild it—and for whom.”


Sources:

  • Higher Education Inquirer, College Meltdown 2.0 Index (Nov. 2025)

  • SEC Filings (2010–2025)

  • U.S. Department of Education, Heightened Cash Monitoring Reports

  • An American Sickness – Elisabeth Rosenthal

  • The Goosestep – Upton Sinclair

  • Medical Apartheid – Harriet A. Washington

  • Body and Soul – Alondra Nelson

  • The Immortal Life of Henrietta Lacks – Rebecca Skloot

Wednesday, October 29, 2025

BORROWERS AGAINST APOLLO EVENT, FRIDAY NOVEMBER 7TH, NEW YORK CITY (HELU, AAUP, AFT)

[Editor's Note: Readers can sign up for the event at BORROWERS AGAINST APOLLO.  Ensure that you click on "Switch account" to submit the form from your Google account.]



BORROWERS AGAINST APOLLO
Higher Ed Unions, Student Unions, and For-Profit College Borrowers Unite Against Trump’s “Higher Education Compact”


Several higher education unions, student unions, and former students of for-profit colleges are organizing in opposition to the Trump administration’s proposed “higher education compact”—a plan heavily shaped and promoted by private-equity billionaire Marc Rowan.

Rowan, the CEO of Apollo Global Management, has played a central role in advancing this proposal. Apollo owns several predatory for-profit institutions, including the University of Phoenix, one of the most notorious offenders in the industry.

In a recent New York Times op-ed, Rowan took public credit for the compact, writing:

“The evidence is overwhelming: outrageous costs and prolonged indebtedness for students; poor outcomes, with too many students left unable to find meaningful work after graduating…”

Yet, under Rowan’s leadership, the University of Phoenix has become the largest source of Borrower Defense claims of any for-profit school, with more than 100,000 pending applications as of July 2025. Borrower Defense is a federal protection that allows students to seek loan forgiveness if their school misled them or violated state or federal law.

The University of Phoenix has faced multiple law enforcement investigations for deceptive recruiting tactics that targeted veterans, service members, and working adults nationwide. The school’s misconduct led to a $191 million settlement with the Federal Trade Commission for falsely claiming partnerships with major employers. More recently, the university attempted to portray itself as a public institution while seeking to sell to two states—both of which ultimately rejected the deal after public backlash.

While Rowan’s personal fortune exceeds $7 billion, borrowers continue to shoulder crushing debt from degrees that delivered little to no value. His leadership has fueled a system that profits from student harm—and now, through this compact, he is setting his sights on reshaping major public universities.

We refuse to stay silent. Borrowers, students, and educators are standing together to demand accountability and defend higher education from predatory perpetrators.

JOIN THE FIGHT AGAINST FOR-PROFIT COLLEGE GREED – NOVEMBER 7


The for-profit college industry has harmed countless students — and it’s time they hear directly from us. Join us outside Apollo Global Management Headquarters on Friday, November 7 at 11:00 a.m. to make your voice heard and demand accountability.

We’re calling on borrowers from for-profit schools who were misled or left in debt by this predatory system. Travel support may be available for anyone within train distance of New York City. We’ll provide shirts, posters, and everything you need to show up strong. (Apollo’s offices are about 20 minutes from Penn Station by subway.)

We’re also looking for University of Phoenix borrowers willing to speak publicly or to the press about their experiences. Additional travel assistance can be arranged for those coming from outside the NYC area.

If you’re ready to share your story and take a stand, reach out today. Together, we can show Apollo — and the entire for-profit college industry — that borrowers are not backing down.

CAN’T MAKE IT BUT WANT TO GET INVOLVED?
We’re always looking to connect with borrowers and allies. There are many ways to take part in this fight — from sharing your story and supporting organizing efforts to helping spread the word. Reach out to learn how you can get involved and join the movement for justice in higher education.

Wednesday, September 24, 2025

K-12 Virtual Education: A Broken Pipeline to College and Jobs

K12 Inc., now rebranded as Stride, is a Wall Street darling—but for students, it’s a nightmare. Critics call it “one of the worst charter schools in America,” with dropout rates soaring above 50% and graduation rates below 30%. Behind the glossy marketing and investor pitches, Stride operates as a pipeline not to opportunity, but to debt, dead-end jobs, and corporate profit.

Stride presents itself as an innovative online education platform, but the numbers tell a different story. Full-time virtual schools nationally graduate just 54.6% of students, compared to 85% in traditional public schools. K12/Stride’s virtual offerings hover around 56.3%, with blended programs faring slightly better at 80.9%. In some districts, however, the picture is grim: Kansas K12 charters reported graduation rates as low as 26.3%, while local brick-and-mortar schools achieved nearly 90%.

High student churn compounds the problem. Stride-powered schools report turnover of 50–57%, highlighting systemic disengagement and academic instability. Student-teacher ratios are extreme, sometimes exceeding 40:1, more than double the national average. Only a third of K12 schools met Adequate Yearly Progress under No Child Left Behind, illustrating a chronic failure to deliver even basic accountability.

K-12 education is meant to be a pipeline—leading students into college, skilled careers, and financial stability. For students leaving Stride underprepared or without diplomas, that pipeline is broken. Many are pushed into low-wage work, forced into remedial college courses, or trapped in a credential system designed to extract debt rather than confer opportunity. In this way, Stride acts less as an educational institution and more as a conveyor belt funneling vulnerable youth into economic precarity.

Stride is backed by investors and private equity interests that profit from this dysfunction. Its glossy “Graduation Guarantee,” introduced in 2021, promises remediation for students who age out without graduating. But these measures are reactive, not systemic; they don’t address the structural incentives that prioritize profit over learning. Every public dollar flowing into Stride’s coffers is money extracted from communities, while many students exit the system with weak credentials and limited prospects.

The broader story is clear: billionaire-backed for-profit virtual schools like Stride are part of a national effort to privatize public education, monetize student debt, and commodify learning. They transform education from a public good into a profit center, leaving students and families to bear the real cost. Without accountability, oversight, and a renewed commitment to equitable public education, this pipeline—supposed to carry students toward opportunity—will continue to deliver them into debt, underemployment, and economic marginalization.


Sources

Tuesday, September 23, 2025

Authoritarian Plutocracy and Higher Education: New Moves under Trump

The term authoritarian plutocracy captures how higher education is being reshaped: rather than overt state control in classic fascist style, what we are witnessing is the systematic hollowing of regulatory protections, the transfer of public funding into private profit, and the disciplining of institutions and individuals by political fiat. In the most recent year, several policy shifts make this trajectory unmistakably visible.

Since assuming (his current) office, Trump’s administration has embarked on sweeping reforms and legislative changes that illustrate how deregulation and elite enrichment are prioritized over the welfare of students, lenders, and institutions. Legislative changes embodied in the Reconciliation Law (signed July 4, 2025) carry radical higher-education implications: it overhauls the federal student aid system; imposes limits on borrowing for graduate and professional students and for parent borrowers; reduces the number and generosity of income-based repayment plans; rolls back accountability measures aimed at protecting students from fraud; delays or reverts protections for those wronged by their institutions; and makes cuts that affect affordability and access. TICAS

One prominent change under the new law is the elimination of the Graduate PLUS loan program, replaced with new annual and lifetime borrowing caps for graduate and professional students. Parent PLUS loans likewise face severe new restrictions. Borrowers in many categories will lose access to multiple repayment plans now in use (e.g. ICR, PAYE, REPAYE, SAVE) and effectively be pushed into just two new repayment pathways: a standard plan and a new “Repayment Assistance Plan.” These reforms will kick in for new borrowers after July 1, 2026, and for current borrowers by 2028 in many cases. TICAS

Another significant shift involves interest and repayment policy for millions of borrowers. The Department of Education has restarted interest accrual on federal student loans under the SAVE plan as of August 1, 2025, following court rulings that blocked parts of the plan. This means those enrolled will begin seeing their loan balances grow again, while being urged to move to other repayment regimes that conform to legal constraints. U.S. Department of Education

Regulatory changes in other areas also reflect the same pattern. Final regulations published in early 2025 address Return to Title IV Funds (R2T4) and rules for distance education and TRIO programs, scheduled to take effect in mid-2026 unless otherwise noted. These rules both tighten and loosen oversight in ways that can benefit institutional actors at the expense of students—by giving schools more flexibility on refunds, changing how module-based courses are treated, and slowing implementation of reporting requirements. NACUBO Meanwhile, some proposed regulatory changes—in cash management (how institutions manage and use financial aid dollars), state authorization, accreditation—were withdrawn by December 2024, signaling a retreat from tighter controls. SPARC+1

Perhaps most emblematic is the ongoing effort to reduce or even dismantle parts of the federal oversight apparatus. In March 2025, Trump signed an executive order directing the Secretary of Education to “facilitate the closure of the Department of Education and return authority over education to the States and local communities.” Simultaneously, a major workforce reduction was announced in the Department. Roughly half of its employees were targeted in layoffs or reassignments as part of a broader reorganization affecting Federal Student Aid and the Office for Civil Rights. A federal court blocked part of the mass layoff effort in May, but the direction is clear: less oversight, fewer protections, more discretion for institutions and private actors. Wikipedia

The cumulative effect of these changes is consistent with what authoritarian plutocracy demands. Borrowers now face fewer repayment options, steeper obligations, and less protection from predatory behavior. Institutions, freed from some regulatory strictures, may gain flexibility—and private firms (including lenders, servicers, edtech providers, OPMs) stand to benefit. The regulatory wind has shifted to favor profit and power; public accountability, student welfare, and equity are increasingly secondary.

In higher education, as elsewhere, what matters isn't only what laws are passed but what and who those laws empower—and what they disable. For students, faculty, and institutions without deep political connections or financial buffers, the risk is that higher education becomes less a public good and more a venture to be leveraged by the powerful.


Recent Sources & Reporting

  • “Provisions Affecting Higher Education in the Reconciliation Law,” TICAS, July 15, 2025 TICAS

  • U.S. Department of Education press release on SAVE plan interest accrual policy, July 9, 2025 U.S. Department of Education

  • “ED Finalizes Rules on Return to Title IV and Distance Education,” NACUBO, Jan. 2025 NACUBO

  • “2024 U.S. Department of Education Negotiated Rulemaking,” SPARC Open SPARC

  • “ED Finalizes Biden-Era Regulations, Withdraws Proposals Amid Transition,” ACE, Jan. 13, 2025 American Council on Education

  • Reporting on proposed closure / layoff / reorg in the Department of Education 

Friday, September 19, 2025

Ivory Towers and Pharma Profits: How Higher Education Fuels Big Pharma’s Bottom Line

As public outrage grows over the astronomical cost of prescription drugs, a quieter but equally consequential dynamic demands scrutiny: the entanglement of higher education institutions with the pharmaceutical industry. Universities—especially those with medical schools and biomedical research centers—have become indispensable players in Big Pharma’s pipeline. While these partnerships often promise innovation and public benefit, they also raise troubling questions about academic independence, ethical boundaries, and the commodification of publicly funded science.

Medical Education: A Curriculum Under Influence

Medical schools are tasked with training future physicians in evidence-based care. Yet many institutions maintain financial ties with pharmaceutical companies that risk compromising the integrity of their curricula. Faculty members often receive consulting fees, research grants, and honoraria from drug manufacturers. In some cases, industry-sponsored materials and lectures are integrated into coursework, subtly shaping how students understand disease treatment and drug efficacy.

This influence extends beyond the classroom. Continuing medical education (CME), a requirement for practicing physicians, is frequently funded by pharmaceutical companies. Critics argue that this model incentivizes the promotion of branded drugs over generics or non-pharmaceutical interventions, reinforcing prescribing habits that benefit corporate interests more than patient outcomes.

University Research: Innovation or Outsourcing?

Academic research is a cornerstone of pharmaceutical development. Universities conduct early-stage investigations into disease mechanisms, drug targets, and therapeutic compounds—often funded by public grants. Pharmaceutical companies then step in to commercialize promising discoveries, assuming control over clinical trials, regulatory approval, and marketing.

While this division of labor can accelerate drug development, it also shifts the locus of control. Universities may prioritize research that aligns with industry interests, sidelining studies that lack commercial appeal. Moreover, corporate sponsors can exert influence over publication timelines, data interpretation, and intellectual property rights. The result is a research ecosystem where profit potential increasingly dictates scientific inquiry.

Case Studies: The University-Pharma Nexus in Action

Harvard University Harvard Medical School has faced scrutiny over the financial relationships between its faculty and pharmaceutical companies. A 2009 investigation by The New York Times revealed that more than 1,600 Harvard-affiliated physicians had financial ties to drug and medical device makers. The controversy sparked student protests and led to reforms requiring faculty to disclose industry ties and limiting pharma-funded materials in classrooms.

Harvard’s research enterprise is deeply intertwined with Big Pharma. Its partnership with Novartis in developing personalized cancer treatments—particularly CAR-T cell therapy—illustrates how academic science feeds into high-cost commercial therapies. While the treatment represents a breakthrough, its price tag (often exceeding $400,000 per patient) raises questions about the public’s return on investment.

Yale University Yale’s collaboration with GlaxoSmithKline (GSK) on PROTACs (proteolysis-targeting chimeras) showcases the university’s role in pioneering new drug technologies. Under the agreement, Yale and GSK formed a joint research team to advance PROTACs from lab concept to clinical candidate. GSK gained rights to use the technology across multiple therapeutic areas, while Yale stood to receive milestone payments and royalties.

Yale’s Center for Clinical Investigation (YCCI) saw an 850% increase in industry-sponsored trials between 2006 and 2019. To address concerns about equity, YCCI launched the Cultural Ambassador Program to diversify trial participation. While this initiative promotes inclusivity, it also serves the interests of pharmaceutical sponsors seeking broader demographic data for regulatory approval.

University of Bristol (UK) The University of Bristol has maintained a decade-long partnership with GSK, spanning vaccine development, childhood disease research, and oral health. GSK funds PhD studentships and undergraduate placements and collaborates on data integrity initiatives. While the partnership aims to improve global health outcomes, it also serves GSK’s need to secure early-stage innovation and talent.

Temple University Temple’s Moulder Center for Drug Discovery Research exemplifies the shift toward academic-led drug discovery. Pharmaceutical companies increasingly rely on centers like this to conduct early-stage research, reducing their own financial risk. As patents expire and blockbuster drugs lose exclusivity, pharma firms turn to universities to replenish their pipelines—often with taxpayer-funded science.

ETH Zurich (Switzerland) ETH Zurich has become a hub for synthetic organic and medicinal chemistry, attracting partnerships with major pharmaceutical firms. Researchers at ETH conduct foundational work that pharma companies later commercialize. This reflects a broader trend: the outsourcing of riskier, cost-intensive research to academic institutions, often without proportional public benefit.

The Dark Legacy of Elite University Medical Centers

Beyond research and education, elite university medical centers have long been implicated in systemic inequality and exploitation. As detailed in The Dark Legacy of Elite Medical Centers, these institutions have historically treated marginalized and low-income patients as expendable research subjects. The term “Medical Apartheid,” coined by Harriet Washington, captures the racial and class-based exploitation embedded in American medical history.

The disparities extend to labor conditions as well. Support staff—often immigrants and people of color—face low wages, poor working conditions, and job insecurity, despite being essential to hospital operations. Meanwhile, early-career researchers and postdocs, many from working-class backgrounds, endure long hours and precarious employment while driving the innovation that fuels Big Pharma’s profits.

Even diversity initiatives at these institutions often fall short, focusing on optics rather than structural reform. As the article argues, “The institutional focus on ‘diversity’ and ‘inclusion’ often overlooks the more significant structural issues, such as the affordability of education, the class-based access to healthcare, and the economic barriers that continue to undermine the ability of disadvantaged individuals to receive quality care.”

Technology Transfer and Patents: The Profit Pipeline

Many universities have established technology transfer offices to manage the commercialization of academic discoveries. These offices negotiate licensing agreements with pharmaceutical companies, often securing royalties or equity stakes in exchange. While such arrangements can generate substantial revenue—especially for elite institutions—they also entangle universities in the profit-driven logic of the pharmaceutical market.

This entanglement has real-world consequences. Drugs developed with public funding and academic expertise are frequently priced out of reach for many patients. The Bayh-Dole Act of 1980, which allows universities to patent federally funded research, was intended to spur innovation. But critics argue it has enabled the privatization of public science, with universities acting as gatekeepers to life-saving treatments.

Ethical Crossroads: Transparency and Reform

The growing influence of Big Pharma in higher education has prompted calls for greater transparency and accountability. Some institutions have implemented conflict-of-interest policies, requiring faculty to disclose financial ties and limiting industry-sponsored events. Student-led movements have also emerged, demanding reforms to ensure that education and research serve the public good rather than corporate profit.

Yet systemic change remains elusive. The financial incentives are substantial, and the boundaries between academia and industry continue to blur. Without robust oversight and a recommitment to academic independence, universities risk becoming complicit in a system that prioritizes shareholder value over human health.

Rethinking the Role of Higher Ed and Medicine

Higher education institutions occupy a unique position in society—as centers of knowledge, innovation, and public trust. Their collaboration with Big Pharma is not inherently problematic, but it must be guided by ethical principles and a commitment to transparency. As the cost of healthcare continues to rise, universities must critically examine their role in the pharmaceutical ecosystem and ask whether their pursuit of profit is undermining their mission to serve the public.

The legacy of elite university medical centers is not just about innovation—it’s also about inequality. Until these institutions confront their role in perpetuating racial and class-based disparities, their contributions to public health will remain compromised.

Sources:

  • The Dark Legacy of Elite University Medical Centers

  • Harvard T.H. Chan School of Public Health: Pharma and Digital Innovation in China

  • Harvard Business School Case Study: Novartis and Personalized Cancer Treatment

  • Yale Law School: Pharmaceutical Public-Private Partnerships

  • GSK and Yale PROTAC Collaboration Press Release

  • Yale Center for Clinical Investigation Case Study

  • University of Bristol and GSK Case Study

  • Pharmaphorum: Universities and Pharma Companies Need Each Other

  • Chemical & Engineering News: The Great Pharmaceutical-Academic Merger

Tuesday, September 16, 2025

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.


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)

Thursday, September 11, 2025

We Remember

On this day, Americans pause to remember the lives lost and the trauma endured on September 11, 2001. But remembrance is not only about history—it is also about recognizing the ongoing threats that shape our daily lives, both at home and abroad.

Many college students today are too young to remember 9/11, the Great Recession, Hurricane Katrina or the Iraq-Afghanistan War. In just a few years, the next generation will similarly lack first-hand memory of Covid-19 or the Trump era. For them, history can feel abstract—a collection of dates and headlines rather than lived experience. Yet the consequences of these events—economic instability, public health crises, climate disasters, and political polarization—still define the world they inherit.

The aftermath of 9/11 illustrates how misinformation and disinformation can create far-reaching harm. In the years following the attacks, false claims about weapons of mass destruction and distorted narratives about Iraq’s connections to terrorism were used to justify the U.S.-led invasion of Iraq. This decision cost hundreds of thousands of lives, destabilized the Middle East, and diverted resources from domestic priorities—all while enriching defense contractors, private security firms, and energy interests. The lesson is clear: unchecked narratives, especially when amplified by power and profit motives, can have catastrophic consequences.

Today, the dangers we face are as complex as they are insidious. Beyond external threats, Americans contend with the corrosive influence of economic powerhouses whose actions ripple through every corner of society. Bankers, corporate CEOs, and venture capitalists wield enormous influence over the economy, often prioritizing profit over the well-being of workers, consumers, and communities. Their speculative ventures and risky gambles—what one could call a “casino economy”—have repeatedly endangered livelihoods, magnified inequality, and destabilized markets.

The consequences of these decisions are tangible. In the United States, student loan debt has reached more than $1.8 trillion, and millions of college graduates find themselves trapped in jobs that fail to match their skills or aspirations. Housing costs, medical expenses, and inflation compound the economic squeeze, leaving working families vulnerable while the wealthiest accumulate unprecedented fortunes.

Internationally, threats are equally complex. Global supply chains remain fragile, climate change intensifies natural disasters, and geopolitical conflicts threaten stability. Yet the U.S. response is often shaped by elite interests—defense contractors, multinational banks, and energy conglomerates—that profit from chaos while ordinary citizens bear the cost.

Remembering September 11 is a reminder that security cannot be measured only in military terms. True security encompasses economic fairness, access to healthcare, and political accountability. Without confronting the greed, unchecked power, and manipulation of information that dominate our society, the vulnerabilities that allowed past tragedies to occur remain.

For younger Americans, whose direct memories of past crises are limited, understanding these patterns is critical. The threats of today—both domestic and international—are not only external but internal, arising from concentrated wealth, influence, and the ability to shape narratives, from decisions made in boardrooms, newsrooms, and venture capital offices, that affect millions who have no voice in those decisions.

September 11 should remind us that vigilance is ongoing. It is a day to reflect, yes, but also to act—to demand transparency, equity, and responsibility in the institutions that govern our lives. Only by addressing these threats can Americans truly honor the past while securing a safer and more just future for the generations that follow.


Sources:

  • U.S. Federal Reserve, Household Debt and Credit Report, Q2 2025

  • Institute for College Access & Success, Student Debt Data (2025)

  • Oxfam, Inequality in the U.S. 2024–25

  • Global Financial Stability Report, International Monetary Fund (2025)

  • World Bank, Global Economic Prospects (2025)

  • 9/11 Commission Report (2004)

  • National Security Archive, Iraq War Intelligence and Disinformation