Everything that everyone is afraid of has already happened: The fragility of capitalism which we don't want to admit the loss of the empire of the United States and American exceptionalism. In fact American exceptionalism is that we are exceptionally backward in about fifteen different categories from education to infrastructure.
We are living in 1937 and our universities I suggest are not half-way out of the fifteenth century. We have made hardly any changes in our conception of university organization education graduation for a century – for several centuries.
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The main part of intellectual education is not the acquisition of facts but learning how to make facts live.