Arguably, higher education is the last bastion of American supremacy in the globalized economy. Our manufacturing sector is a shadow of its former self, the revival of auto manufacturing notwithstanding. Our financial leadership is likely discredited for all time by the Great Recession and the piracy and fraud which underlay and precipitated it. But America's research universities in particular remain world-beaters. Of the top 50 R1s in the world, 30 are in the U.S. But will the rapaciousness of our leadership --- which took us down the successive paths of (1) the S&L meltdown, (2) the dot-com bubble, and (3) the sub-prime mortgage catastrophe --- now starve our great public institutions, such as the University of California, while feeding the for-profit sector?
http://www.insidehighered.com/advice/2012/01/20/essay-divergent-paths-research-universities-may-require-different-leaders
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