On coronavirus education

Hemant Kulkarni
2 min readJul 7, 2020

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https://twitter.com/nntaleb/

It looks like top universities have decided to take their classes online totally for at least the next year but, they are still demanding the complete payment of their tuition fee.

Now as the classes are online and anyone can enroll in it, will these universities let anyone pay and get a degree from them? Most likely not. They know that creating artificial scarcity even when there is no need will keep their demand up.

It will be beneficial for students if they let anyone enroll. If they have a high cost of tuition for their regular physical courses, then if they open that up online for everyone, they can lower down their online education tuition and get comparatively similar income from the multitudes of students who will enroll.

So the question is: will they do something that is beneficial to the students?

If they don’t, which they won’t, this is what it means. The dissemination of knowledge isn’t important for them. They are not here to benefit the students or help them learn more. They are in it to make sweet bucks. It is not about helping students at all but preserving their “name” and not tarnishing their “brand” with poor results.

This is not how an education system should work and it won’t with the rapid technological changes in the future.

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