Ned's friends are no doubt familiar with a disturbing trend in learning, namely, that of privatizing it in the form of for-profit "institutions of higher education." His friends no doubt will also be aware that controversy and scandal swirl around the student loan default rates that are reportedly much higher at such places than at genuine colleges and universities.
Now comes a report that last year the "executives" at such "industrial education" companies took home a cool $2 billion in salaries while the students there racked up ruinous debt, much of it financed by the taxpayers. Now, Ned realizes that presidents and other officials at state-run institutions often make what seem to be exorbitant salaries, but at least these are subject to taxpayer review.
Truly, excoriating the amoral, rapacious, and viciously greedy plutocracy at times takes on all the aspects of a whack-a-mole game. Whack one somewhere and another one pops up farther off. (Here Ned can only sigh and wish his followers well.)
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