There is a lot buzz being generated on several foreign universities being allowed to open their campus in India.
All this at a time when the University system itself is becoming redundant.
When there was no internet, it made sense to go to a physical place to get educated.
When there was no way to judge competence, it made sense for employers to depend on a "label" of a degree from a prestigious university.
Now information is free. Streamed home.
YouTube has the best courses on any subject.
You want "credentials"? There are agencies to certify that. That can be unbundled.
Similarly, group interaction and peer networking? Why do I need to pay 100k dollars a year for that? That can be unbundled too.
All I need to do is sit myself down at home, and I can become proficient in any subject in the world, including rocketry and nuclear physics.
Why are these universities required? Because students are lazy, and their parents are paying. They would much rather not study and get a certificate, which the world thinks is worth something, than actually study.
I have a "prestigious" management degree and the world thinks I learnt something on campus, they are overawed by it. Personally, I don't think I can credit any one place or institution for my learning - whatever I have learnt has been through a process of osmosis - I don't even remember working for it - from people around me and things that I did.
Going forward, no company or employer is going to care about that piece of paper called a degree. They have all the tools to evaluate you themselves, and they don't care how you acquired that knowledge.
Forget university, it is necessary to "home school" your kids even at school level, for a host of reasons.
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