The Prof G Pod with Scott Galloway No Mercy / No Malice: High Anxiety
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Nov 2, 2024 Delve into the intense pressures of the college admissions process, likened to the Vietnam War. Discover how higher education is evolving into a luxury for the elite, raising questions about accessibility and value. Unpack the controversial legacy admissions practices that highlight economic disparities in education. Explore the mounting anxiety stemming from student debt and family expectations, while also addressing the transformative role of artificial intelligence and its implications for privacy.
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College Admissions Stress
- College admissions are unnecessarily stressful and corrupt.
- Higher education is beneficial, but access is limited by high tuition and restrictive admissions.
Scarcity and Value
- Scott Galloway's firm, L2, advised luxury brands and achieved high multiples due to manufactured scarcity.
- His first firm, Profit, had lower multiples due to accepting every client.
Higher Ed's Shift
- Higher education has shifted from enabling upward mobility to serving as a gatekeeper for the wealthy.
- Elite universities foster relationships and networks, granting access to lucrative opportunities.