Editorial: the scandal of contemporary universities
The financialisation of the universities in the past decade or so represents a defining element in the organisation of higher education. Nowhere was this more evident than in the state selling off the student debt to private investors, reducing personal investments in tertiary education to the status of junk bonds. Ideologues in central government and amongst the makers of public opinion, as well as some managers within the universities themselves, have laboured to make all this happen. They are not shy about what they do, and see no cause for shame. They live by the ethic of utilitarianism and are more than ready for the battle to be taken to the universities.