What Does the Financialization of the University Mean for Higher Education?

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At most elite universities, endowments in recent years have been securing just absolutely massive returns. Many colleges have almost no endowment to speak of at all. The sheer amount of wealth under the control of university investment offices on the order of for something like Yale $40 billion is a huge advantage. When you have $40 billion in the bank, you do whatever you want.

Featuring Dennis Hogan on the crisis in higher education. The first in a two-part series. Next up: Donna Murch and Todd Wolfson on how university workers can fight back through industrial unionism. Read Dan's interview in The Nation thenation.com/article/world/qa-daniel-denvir Support The Dig at Patreon.com/TheDig Check out our newsletters and vast archives at thedigradio.com Buy On Shedding an Obsolete Past: Bidding Farewell to the American Century by Andrew Bacevich haymarketbooks.org/books/1949-on-shedding-an-obsolete-past