Crow and Dabars don’t hold back in tearing down what they call the “Harvardization” of universities, where schools are responding to the higher education crisis by decreasing their acceptance rates and increasing their price tags, instead of trying to develop a better product that’s designed for the scale and type of demand we’re seeing today.

As colleges lost their monopoly on information, college became less about learning and more about signaling. Whatever value they once provided is diminishing. Peter Thiel argues that college has become an expensive insurance policy for upper middle class parents who don’t want to see their children fall through the cracks of society.