Dowman: What good is an endowment if it's not being spent on the university? He asks why do people like Jeff Bezos want to need more money than they can ever spend by orders and orders of magnitude? Dowman: Part of the problem is really a governance problem. There's never a mechanism for deciding when it's time to dip into the savings or the rainy day fund, he says.
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
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Buy On Shedding an Obsolete Past: Bidding Farewell to the American Century by Andrew Bacevich haymarketbooks.org/books/1949-on-shedding-an-obsolete-past