“Most of the economic benefit of colleges and universities, and especially of elite ones, is distributional in nature — that is, wealth flows toward people who have the credentials they offer, but the credentials don’t actually promote wealth, they just get you past the gatekeepers.”
—-Conservative law professor and pundit Glenn Reynolds on his substack essay, “What is College Good For?”
Essentially Reynolds, who is the Beauchamp Brogan Distinguished Professor of Law at the University of Tennessee College of Law can be fairly called a representative of our system of higher education himself, so his searing critique deserves some attention an thought. I appreciate the essay because I have long held the conviction that college itself is a fraud on the American people, distorts our power and economic structure away from merit and talent and toward wealth, elitism and purchased credentials that don’t mean what they pretend to mean, and a lifetime of experience as a student, graduate, employer and organization creator and leader supports and continues to confirm that conclusion.
Reynold is right. His analysis would have been right 40 years ago, when I stood up at a D.C. conference of “educators” and asked why all the discussion had focused on secondary school and college diplomas being essential to get “well-paying jobs”and none of it—literally none—about making our rising generations curious, competent, diligent, literate, analytical, creative, erudite, better thinkers and better citizens. The whole conference room booed me! It’s one of my most cherished memories. It also was signature significance regarding the fraudulent nature of the American education system.
Prof. Reynold gets it, and, not to diminish his essay, but it shouldn’t be so hard to get. The scam continues to thrive because the people who haven’t been to college don’t realize what a waste of time, resources and money it is in so many ways, and those who use the degrees as golden ticket credentials don’t have the integrity to admit the truth.
Reynold begins,







