We need to return to the simple, wise ways of the 18th century university in which the students paid the professors directly. The dinosaur administrative bureaucracy should be fired.
We need to return to the simple, wise ways of the 18th century university in which the students paid the professors directly"
Personally, I believe there is a market for people who actually want an education as buyers and for people capable of assisting that as sellers.
Now, the market for that is much much much smaller than the market for people who want to buy their way into a society by purchasing a degree. That market will always be larger. Much larger and that is what happens at colleges and universities nowadays. They are basically multi year resorts, where you can bandy about a few left wing solipsisms and then get your passport into high society. All for only $200,000 or so.
Sadly, that is what most people are looking for.
But in a country of 300 million, I think there are a few thousand young people who just want to be educated and are willing to pay modestly for it. The interesting thing, as you point out, though, is that a prof who teaches a handful of students for knowledge sake, could actually make decent money if he can figure out how to recruit a few students. Cut out overhead and this model becomes viable, at least for a few teachers out there.