This isn't him kicking ass or anything, this is just a professor asking reasonable questions, and getting reasonable answers. This isn't a schooling or anything. This is nothing but polite conversation, which is good.

@vladimirbajic9439

7 жыл бұрын

I hate clickbait so much, but I also must acknowledge the "Mexican standoff" situation concerning titles of videos: The first one to change from clickbait to reasonable title loses. This of course does not apply to subscribers, but does apply to people who never heard of this channel again.

@connorcolestock4757

7 жыл бұрын

HrHaakon but would this have made it to our feeds were it not for the clickbait title that the algorithm aligned with our preferences? Were it vague and insightful it is unlikely that KZread's program could have connected it with our poorly caricatured interests. That is to say that KZread videos have , as an inherent feature, less vested interest in provoking individual thought. It's almost like a unicorn theses days.

@HrHaakon

7 жыл бұрын

I think it would have picked up Peter Thiel, etc. doesn't need the "educates" for instance. I get things like American Dream Reconsidered 2016, etc.

@connorcolestock4757

7 жыл бұрын

HrHaakon perhaps... Food for thought. So do I. Could you elaborate?

@HrHaakon

7 жыл бұрын

The basic bitch comparison method just take the title, and split everything into words, and look for videos that have the most similar words. You can do a bit more, like stemming (translating words into their stems, so that "greener", "greenest" and "green" all get translated into the stem of the word, "green", same with "running" "ran" etc. all becoming "run". After that you have a bunch of words, so you can watch go over all the other videos and look at all the other videos and see how many are similar. And that's all you need for a basic recommendation. Google does something a bit more advanced, but the basic idea is the same. And they insert "general videos" that they also think you might like. But that's easy to do: They see what videos you like, and then they see who likes the same videos you do, and they simply suggest videos that they like. I could use complicated math symbols, but this isn't an algorithm class.

the antagonistic title is not appropriate to the situation in the clip at all.

@sonicseducer69

7 жыл бұрын

Otherwise known as click bait

@anatolyboukreev8187

7 жыл бұрын

basscataz You wouldn't be here without it kid.

@pauldeverill926

6 жыл бұрын

So you didn't understand the video? OK.

@thriversoffset

6 жыл бұрын

this title is like whole milton friedman university Q&A put out by his followers - i totally agree with what you said :)

@sandorclegane9342

6 жыл бұрын

FANCY MARXIST INDOCTRINATOR BTFO AFTER ASKING STUPID QUESTION

Gotta love click-bait titles, they're such a rarity on KZread nowadays.

@NoName-rl3fh

2 жыл бұрын

Nothing click bait about it. He Did educate the professor.

@dominicn

2 жыл бұрын

It's sad that it's provocative to simply reveal a truth.

Thiel is a breath of fresh air.

My debt was $70k for college and I went to a state school. I graduated with a masters and when I tried to get a job it didn’t matter that I had the advanced degree. It was a humbling experience

@zhbvenkhoReload

2 жыл бұрын

My man

"value of elite education is excluding people" this guy is such a great philosopher

@Durram258

2 жыл бұрын

Its very true, you cant have good universities if you let dumb people in the same classes as the smart people. Great universities getting round this by only letting people in who can tackle the difficultly of their curriculums, ie smart people haha.

Imagine Thiel's "um" and Elon Musk's stutter, that kind of meeting you had in Paypal old days

@tophan5146

4 жыл бұрын

Akram Muhammad 😂

@testusernameyoutube1

4 жыл бұрын

always thought about that as well lmaoo

@vetiarvind

3 жыл бұрын

I think both these guys get so much info queued into their heads they struggle to get started reordering that into something comprehensible.

@platin2148

3 жыл бұрын

How long was he doing anything at that company? (Elon Musk)

@platin2148

3 жыл бұрын

@First name Last name So your productive is throwing money at it or what should that say?

Peter is very thoughtful and insightful obviously. Looking back my university life was very much like a tournament, it was more about competing with others and winning at exams than about learning things that were concretely useful and needed in society. It wasn't so much like an insurance product when I was at uni (2000-2005), but I imagine it has become like that now.

@calvinsylveste8474

7 жыл бұрын

Exams are how you demonstrate you learned the subject, you're not going to get a gold star for showing up like in kindergarten.

@d4n4nable

7 жыл бұрын

The best way to show that university is more about signalling than human capital build-up is to imagine the following scenario: A professor has private issues and can't come in and lecture the last four mathematics lessons. He offers his students to give them all A's and B's (for the ones who wouldn't be able to get a higher grade at this point) if they just keep quiet so the university doesn't complain. How many of the students would be mad about the missing classes? After all, they are there to learn, right? And how many of them would be incredibly happy about the good grade? Presumably, the only ones really upset would be the ones who'd get an A anyway, because it weakens the "tournament" ranking function of university. Barely anyone, in the moment, would care about the knowledge they miss out on, sadly.

@Trazynn

7 жыл бұрын

Exams don't have a fixed benchmark. They adjust the score weight according to the average of the class which means there's always a same portion of fails and passes. That's what makes it a competition rather than a test on whether or not you qualify.

@david0aloha

6 жыл бұрын

It's becoming more of a competition at research universities, while the insurance product aspect is spreading out to a greater number of vocational/technical schools.

@YEC999

6 жыл бұрын

For YOU the feeling is more a tournament for your PARENTS its more an insurance product. Was the same for me by the way...

This guy is super intelligent

@AllEyezOnMeAA

6 жыл бұрын

investment tudor hes not human

@irfanulkarim4992

5 жыл бұрын

Haha. Yeah. He is.

@kingzion3032

3 жыл бұрын

He should start a business

Peter Thiel is absolutely my intellectual, moral, and personal hero and role model.

@AllEyezOnMeAA

6 жыл бұрын

Chuck Becker hes not even human..

@NoName-rl3fh

2 жыл бұрын

A good one to have!

@NoName-rl3fh

2 жыл бұрын

@@AllEyezOnMeAA Perhaps that is yourself.

@vardaanvardhan9932

2 жыл бұрын

Same

com'on man......the professor is so kind and gentle and Thiel's reply so articulate .....

He’s spot on. I work at a tech startup based out of Edinburgh Uni’s campus. Courses are marketed with glossy brochures and posters but the cost vs value of those courses is questionable.

I have a high school diploma and sometimes become annoyed with myself that I didn’t become more educated in something, BUT we are all going to have to “work “ in life. All areas. I agree with the insurance policy idea. You can have a wonderful career but still have to deal with people, take care of your health, pay bills, endure being a parent, possibly take care of parents...I think we have a generation of folks who fail to realize the fact that life changes constantly. Nothing is wrong with that either. This not a bottom line opinion, but still something to think about.

@ramanan86

2 жыл бұрын

Love this response and how you articulated it. ❤️

But employers still see this insurance as a necessity when hiring. If we see this as a demand side problem from the employers then it is very difficult to change unless the society figures out a better way for the employers to gauge people's abilities.

@areez22

2 жыл бұрын

Agree

nobody in this video was 'educated' by anyone. it was a legit question which was answered very well, and you could see how positively the professor reacted to thiel's answer.

I regard my college "education" as the biggest waste of time and money of my life. HOWEVER, I needed the _certification_ to get the job I have, which is its only value. If you need the certification, go to the cheapest college you can get your hands on. I had all of my student loans paid off in 20 months after graduating in 1993.

Thiel is very much like Elon Musk (Who he worked with int the past): He can formulate Ideas very well and understandable. Notice the nervous laughter by the professor at the end. He knows its the truth but he himself would never acknowledge this publicly.

@AllEyezOnMeAA

6 жыл бұрын

tenj00 peter thiel n elon are apart of the paypal mafia, theyve worked and work very close together, i would go as far as saying they are not human.

@irfanulkarim4992

5 жыл бұрын

@@AllEyezOnMeAA I agree. They are both very good at thinking beyond human levels

@fetusimao7018

5 жыл бұрын

Maybe he laughed because it was funny and truthful? Do not Jordan Peterson a simple gesture.

@tenj00

5 жыл бұрын

Hah yeah I may be influenced by Jordan a bit. :) The education system in the future is going to be awesome. KZread has a important place in it. What can you NOT learn on youtube?

@Jean-Poule_II

5 жыл бұрын

@@tenj00 Well KZread is only good on a theoretical level. On a practical one, there's nothing like university. Also, YT doesn't teach you social interaction (both in professional and conventional situations) and that is something that is clearly fading away (in my mind).

Hate to say this, but this guy made some very good points.

@NiftyShifty1

7 жыл бұрын

Ronny Japutra don't hate to say that.

@henne2k

5 жыл бұрын

Living in Germany where eduction is almost free, this always looks like insanity

@C_R_O_M________

5 жыл бұрын

henne2k nothing is free!

@henne2k

5 жыл бұрын

well... it is free...

@KYDY

5 жыл бұрын

henne2k isn't Germany's education system a "tournament" though?

I own a tutoring center and prepare students for the SAT and ACT. Peter Thiel is absolutely correct about the whole college decision-making process. Brilliant analysis.

As I have heard it said time and again "IF YOU CAN`T DO YOU TEACH"

Peter Thiel remains very polite, but his point is clear. Universities assign too much value to themselves thinking the very high tuition fees and subsequent student debt are justified. Higher education too often does not pay the bills as underemployed people know very well.

@han1218

2 жыл бұрын

They can get away with it because the US government backs majority of the student debts, so they can charge a high tuition and there's no risk they won't get it. If government stops backing student debt, universities are forced to lower prices

@areez22

2 жыл бұрын

@@han1218 How about people don't enter colleges with debt they don't wish to pay back.

@han1218

2 жыл бұрын

@@areez22 Good idea, that's why there are community colleges, but colleges have good marketing, and they convince everybody that their expensive degrees are worth the money, and government, like I said, encourages people to take large loans. Market is dictated by its consumers, so "consumer" future students need to wake up and make better choices.

@areez22

2 жыл бұрын

@@han1218 Thanks for the response. Cheers.

@han1218

2 жыл бұрын

@@areez22 You're welcome.

Peter is right on. The answer is NO , Universities, for the most part, are not providing value for the enormous cost. Investment into your future should provide "career ready" training! Get rid of all the fluff and liberal arts BS. Train people in actual skills and soft skills. Get rid of teacher unions and stop paying all of the elitist to do research and actually teach something that people can use in their future.

@tvojslauf

5 жыл бұрын

Randell Blankenship How will this reduce cost? Or eliminate the debt side? They’ll just charge out the wahzoo for what you’re suggesting. The problem of the universities ripping us off will still exist

@areez22

2 жыл бұрын

@@tvojslauf Then don't go into the debt.

I think the insurance analogy is fucking great. Perfect, why didnt I think of that already.

There is so much Truth in these 6 minutes. Holy cow, Peter Thiel hit the nail on the proverbial head. Very insightful. College has become, largely, an insurance policy. Also excellent point about going to college to avoid falling through the cracks in society. "Why have the cracks in our society gotten so big?" Excellent question. Curious what Peter's answer to this is.

@TLiu-1b

Жыл бұрын

Capitalism, wealth gap, rich want to stay rich and get richer.

Thank you for sharing this!

Anything and everything that piques your curiosity and interest can be self taught - I am the CEO and chief engineer of my own company without a degree that I've built over the course of 20 years - it's your aptitude and desire to discover that drives your practical education

that's one of the most insightful things I've ever seen in my life...

Student debt is just a form of social engineering, mainly but not exclusively for the middle class. It’s one of the ways the federal government ensures pursuit of higher education into the utilitarian/vocational fields. But because the costs are so distorted now, alternatives to higher education in utilitarian/vocational fields are causing a shift away from universities and toward community colleges and online training. I have an engineering graduate degree that was very expensive. I work with many other engineers who have not graduated from college or who went to community colleges. It’s made me rethink engineering education altogether. Even when I was getting my degree, I wondered why this type of education couldn’t be better structured as a much simpler set of vocational training.

Best commentary on current American elite educational system I have experienced yet..

I love debating (pretty much anything) with college graduates, and wiping the floor with them and their "higher education." I never finished high school, in fact I never even started... the last year I completed was the 8th grade. (I was expelled... twice) So how is it I know anything at all about Physics, Chemistry, and Biology? (I especially love particle physics... because I'm weird like that) I educated my self, just like anyone else can... but for some reason most don't or won't. (because they don't desire knowledge... they only desire money) It comes down to desire, exclusively... I wanted to learn, and there was nothing anyone could do to stop that. (once I decided that was what I actually wanted) Most people haven't yet decided that they want to learn anything of any value. Most people only want money, and any shortcut to get them there is all they really desire. That is why colleges and universities are doing so well, and why graduates are doing so poorly... their only motivations are for money, Not an education. These days, an education is completely free... degrees are not. (and the two are no longer synonymous with each other) We need a less selfish way to motivate people... because money just isn't working for the people anymore... the people are working for the money. Money is the master, and we are the slaves.

@shellchenonceau6987

3 жыл бұрын

Well said, John. 🙂

Please excuse me if my comment is off topic a bit. In phrasing his first question, the professor gives us a hint into one of the signigficant issues with higher education. He says " ... I'm tenured so I can say what I want ... ". Tenured (definition) "having or denoting a permanent post, especially as a teacher or professor." Tenured professors have permanent positions. I'm sure arguements can be made on why this is a good thing. However as one working in the private sector I see tenure as an excuse for not having to compete. Competition brings out the best of us and concern with losing one's job is highly motivating. As a U.S. citizen, I have the freedom to say what I want. My private sector employer also has the right to fire me if I say something that those who run the company disagree with. Many in academia don't live in the real world. What line would a tenured professor have to cross to lose his/her job?

@oldmanfromscenetwentyfour8164

7 жыл бұрын

Tenure is a joke. Teaching is the ONLY "profession" that has tenure, which it shouldn't. If a Teacher/Professor's skills become outdated or, as we see more now, more warped and twisted, they should be fired as incompetent. Especially those "professors" who teach/preach social disorder and violence. They're supposed to teach HOW to think, not what to think! The "what" to think is the professors personal political views, which has been brainwashed into these kids.

@Blackrazor_Daystar

7 жыл бұрын

Average Joe Haha, do you jokers even know the level of the competitions to get tenured at decent universities? Wait, I can't find your publications at any of the top journals. Oh, well, come back after you actually have done some original research work that is important and difficult.

@sonicseducer69

7 жыл бұрын

Average Joe the dean walking in on him making a human centipede out of his students

@nah2860

7 жыл бұрын

Average Joe Tenure allows researchers to investigate and publish work which benefits society but which might be critical of certain interest groups, funders, and other organizations. Basically it's a way of us guaranteeing that profs can say things which we might find uncomfortable but which are true, or at least based on evidence.

@PittsburghHODLr

6 жыл бұрын

I was thinking the same thing, he says "i'm tenured" so presumptuous and sycophantic which is part 2 of the problem in "higher" education these days.

Rational civil discourse - Thiel nails the modern business of universities promoting salary growth at the exclusion of student value.

I never once would have imagined someone would compare an ivy league college with a popular night club.

I moved to Germany and bounced on all my loans. I'm doing much better here without the chains of American debt.

The question is what are our alternatives as young individuals?

When the gov subsidizes a product, the price jumps, school loans and home loans are both back by the gov.

I don't know why it's hard to understand that the more state and federal money you give to colleges and even the health care system, the more they will charge because they know they can exponentially get more and more to cover it. So, stop wondering why health care and education costs keep rising drastically.

@areez22

2 жыл бұрын

+1

4:30 that's a nice way of saying that you just put up with college (though you don't learn anything there) because demanding IQ tests as an employer is forbidden - while giving the job to college grads only is allowed (and you don't have to explain how your job requieres the degree either).

He nailed it re: tournament. This is also why schools like Harvard were grade boosting. Everyone who gets in can congratulate themselves on how special they are. It's a great scam.

Equating College with Insurance is an extremely useful observation. I bet the majority of people attending are actually doing it out of fear or not doing it.

The cost benefit analysis is very helpful, but it was never the real reason we have universities, it was to educate people so that they could lead fuller lives. There are a lot of benefits to that, for both students and society, and it needs to be reasonably affordable. But what became the motto was basically that if you invested in your university education, you would get an unearned dividend in salary above what you paid, and often for sitting at a desk where you did not even directly use the education you had earned. Peter knows all this and has said he would still go, if he had it to do again. In his case he wants to be in on the big hits that advance society and technology, and that is tough to do without education.

@lotstolearn5350

6 жыл бұрын

Hondo Trailside : Not much educating going on since Critical Theory replaced critical thinking.

@billmoyer3254

6 жыл бұрын

most all universities fail to teach the majority of degree holders advanced reasoning/communication/speaking skills. The information is sitting in the library for free

click bait title he doesn't educate no one he just gives his opinion which is the same in all interviews where he talks about college

@chittybangbang8370

7 жыл бұрын

Of course, he's a fucking pice of shit right-wing pundit who's trying to spread lies about the education system because conservative stand to gain when people are fucking stupid. How the fuck do you think Trump got elected? It wasn't smart people who voted for him, that's for sure.

@maxsteel9684

7 жыл бұрын

Bela Tarr - So by your definition liberals, democrats, feminists and the left as a whole are smarter than conservative - republicans. Wow. Just watch Mark Dice and Paul Joseph youtube channels and you'll see that Democrats are the stupidest people on earth. Let's not forget about that Democrats were for slavery in the past. That democrats created and supported KKK. That democrats created one drop blood rule. That Hitler himself learned about how to oppress other nations from American Left aka Democrats. This is a historical facts. Before you talk next time educate yourself by just reading books.

@matriximaster

7 жыл бұрын

Bela Tarr Your point of view is one of the reasons the left is dying. To have the arrogance and ignorance to think that leftists are smarter is rediculous. Almost every modern leftist idea has been shown to be a failure. Yet the education system has so failed our society that even the most University "educated" cannot get out of there indoctrination to see the facts. Fortunatly I was more interested I figuring out how to minimize suffering of humanity than ideology. After decades if being a liberal, I had to wake up to the failures of the constant utopian lies and look at what really worked. My red pill realization was that conservitive/libitarian ideals are truly the most compassionate and are what cause the least harm. The socialism that the left screams for will very likely destroy civilization for good.

@d4n4nable

7 жыл бұрын

Bela Tarr, America is a great place. I'd love to go back there, as my home country of Austria, as well as all the rest of the EU sucks. It's a paradise for lazy underachievers. Nobody ever questions your lack of conscientiousness and drive. Everything has to be regulated, approved and go through a bureaucratic process. It's a constricting, life-sucking shithole. The entire society is complacent and has no appreciation for individual freedom. Sadly, America is rapidly going towards this reality too.

@AA-lz4wq

6 жыл бұрын

Bela Tarr, What lie, buddy? This kind of stuff was even published on leftist media at the time, student loan debt now totals over $1.3 trillion and if you think this is right well I gues that's it... you can't be convinced by facts. For a college student you don't seem to be very smart, just saying.

Well said Mr. Thiel

Nervous laughter

Thiel gives really good and thoughtful answers. But he avoided the equally good and thoughtful answer that the problem with higher education is it has turned from an environment of reasoning and thinking to an indoctrination and activist training camp. He probably hasn't studied this the way Jordan Peterson has enough to know this.

man, this guy makes a lot of sense

Wow! So friggin true, Peter Thiel.

Thiel missed the subtle insult about his "jaundiced view." He should have said at the start, "No, that's false. I have a clear view."

Thiel's comment about college education being like insurance is apt. People are so terrified of the cost of health care that they spend a huge percentage of their income on health insurance premiums, while, at the same time knowing that pre-existing conditions, co-pays and spiralling costs mean that insurance companies, in the case of an illness or injury, will do their hardest to avoid covering those costs, to protect their profits. Most understand that the labour market is not able to provide an adequate number of high paying jobs to absorb the supply of graduates, so many will be faced with the reality that they will never be able to discharge their student debt. This situation will only get worse as automation and AI further decrease the labour market.

Really surprised Thiel constricted himself to an economic argument for higher education reassessment, rather than the indoctrinary content of the education itself, as he so eloquently and prophetically spoke of some 20-odd years ago.

Well said. So true. Kudos to Thiel for these comments.

It’s definitely a consumption good, in large part. That’s also why tuition has gone up so much - colleges continually add “features” to their college life and infrastructure offerings to appeal to wealthy families, but make everyone pay for them, which has raised not just the price but also the goods snd services delivered with annual tuition. The trouble is that many of the students would _never_ buy all of those things if they had the choice, given their personal or family budget. Fancy new apartments, daily takeout or prepared food for every meal, luxurious study spaces, museums, and landscaping, etc. Forcing people to pay for all of that nonsense is what’s driving tuition through the roof. So it’s definitely a consumption good, with a small amount of investment/insurance. Like doing a professional continuing-education course on a Caribbean island - it’s mostly about the vacation, isn’t it?

Really interesting. Thank you.

Great question, brilliant answer.

For the vast majority of professions it should be two years at college followed by 4 years in the work place. Those two years should be cheap and use such tools as the internet to bring the price down. Also colleges should be trying to tie in their degrees/diplomas with the workplace meaning people who have jobs could do a part time degree that is linked to their job. If a person wants to undertake high level academic study such as a 4 year degree, masters and Phd then that should be their choice but at no point should it be the norm and be expected funded from tax payers.

@areez22

2 жыл бұрын

+1

WOW! The Studio54 analogy was so on point!

This wasn't a shade from the professor to how ignorant Thiel is nor was it schooling from Thiel to how ignorant the professor is. The professor just wanted to understand and Thiel gave that.

Weirdly the USA is just starting to realize that prehaps charging students 40 000$ a year isn't the best of ideas, like that's something nobody has ever thought about before...

Thia guy is so acurate. Even a Harvard Graduate who wants to work at a top law firm has to start at best as a clerk or researcher. The expectation you can just waltz in take the bar exam and start earning 100s of thousands right off the bat. Sorry folks that's BS. Because that's another qualification you gotta pay for. Its not that an Ivy league qualification won't help you. Its just in the short term when your broke and need a job asap you'll take whatever you can to manage your debt. Mr Theil is so right in pointing this out. I wouldn't be surprised if we'll see an age increase in people who get their degree or masters much later in life. Or maybe we need a rethink whats wrong with the idea of getting experience first and then paying for a series of courses and certificates to get you on the road to a master's qualification. You bypass the degree level and go for the higher qualification but only when you need it. Certainly in the Tecg field that route is very common. Universities really need to think about that. It could become a common trend and they'll lose money.

In 2016 the cost per employee of operating Stanford was $320,000. That's not the cost per professor, that's all employees. So it includes the janitorial staff and the student workers.

The problem with current universities isnt creativity or innovation, or those things not being nourished or sustained. Its punishing independent thought. But more than anything it is an order of operations problem. We take children, at their most self righteous, narcissistic, and immature, and tell them: "you have more status than a plumber." And so we graduate children who can't bake a loaf of bread, change the oil in their car, or fix a broken propane grill and tell them: "go make 500k a year." Peter Thiel says: "how about you do something, and then tell the world what you are worth."

I recall a book from decades ago: "The Case Against College"

The education system both K-12 and Universities are top notch. Professors are there to teach, and are there to moderate discussion between students. Professors are not there to tutor or baby anyone. If a student doesn't understand a topic, it is his/her responsibility to get their behind in the library, check out books, browse the web, and if needed ask the teacher in afterclass sessions. When I got into a top university I had the belief that professors were there to tutor me and teach me until I understood. Incomplete idea. It is my responsibility to do outside work and understand the topic at hand. During high school and middle school, libraries were open until 5PM and public libraries closed at 10PM. Yet they remained EMPTY! these kids would rather play fortnite, sports, and have fun. Everything needed to learn can be found even in the worse of USA libraries. Free wifi, air conditioning/heat, charging, computers, books, and seating. What more can you ask for? Everything else is laziness on the students side and on the parents side thinking that their child is not learning because of teachers. Get him in the library at least 10 hours a week after school and see how well he/she improves in their class. God bless the USA, and God bless the world. This is a beautiful country with many resources to get ahead.

Dude, I agree with you, but if you say "um" one more time.....

@123cheezecakehd

6 жыл бұрын

can I get uhhhh

Why have the cracks in society gotten so big that people are spending it all on insurance incl formal education as an insurance policy - Brilliant question.

I think one other aspect what college is, in addition to an investment, a consumption product and an insurance policy (which I think falls a bit under investment), is that it’s a delay. Plenty of kids don’t want to start careers, so they go to college by default.

I'm not sure college education can be seen as an insurance product. A college degree has peak value right after graduation but it decreases over time as it's replaced by work experience.

I just got funding for my startup from an innovation fond, based on an idea I would have never got if I hadn’t read Thiel’s book ZERO to ONE.

@JoJoJoker

4 жыл бұрын

Thanks!

@confidentguy1727

4 жыл бұрын

your startup name?

The guy was polite. It would be easy to “school” him on this issue because he could just ask “How can you tell college kids to drop out if you have a grad degree?”.

I am a Student at a Montessori University and I dont know what to think of it. I am 25 years old and I just want some structure. I want to study for exams and write Essays but we have to come up with our scedule by our selves. It is very weird tbh.

Insurance and a tournament. That's an astute observation.

He is an interviewer, he asks these questions, so people that usually don't, can hear his opinions and get educated.

His way of thinking is very similar to Clay Christensen, of "Disruptive Innovation" fame. Clay analyses the "job" of a milkshake in a very similar detached manner. Fascinating to hear these people talk. Thel educates people to add value to the economy and to grow the economy, Professor is just part of the economy selling facts and exam results.

Omg this gentleman is a great thinker

@AllEyezOnMeAA

6 жыл бұрын

UNiCoRn PeGaSuS bcuz hes not human...

@afrosamurai6969

6 жыл бұрын

Lizard-robot

Could you say that the market forces will cause tuition to rise until it reaches the level of: T = C - N T - Tuition C - lifetime earnings of College profession N - lifetime earnings of Non-college profession?

@Optimistas777

7 жыл бұрын

Vladimir Bajic this doesn't account for probabilities. The means can be the same but the variance of non college path might be greater. Like Peter said, one just minimizes the risks in life by going to college. So even when one would get paid LESS with college, the payment could be more assured, and therefore more attractive

Isn't an insurance by its nature also a tournament? Your insurance coverage and rate depends on your qualification, i.e. tournament. I don't quite understand why Peter Thiel makes a distinction here, I think he could've just made his point by saying "education is an insurance." Or am I missing something?

Peter is one of the most original thinkers of our times; his ideas are so outside the current frame of thinking to today’s intellectuals that there’re shocked at one level and don’t have a reply by the book and at times they don’t get what he is saying

wow I have been thinking about most of these questions in the exact same ways, I wish I had seen this video earlier

I could not understand insurance policy part...what does he mean when he says crack in American society...inequality of income based on education qualification?? Social status of higher education???

spot on insight. I hope he gets over that stutter at some point.

His analysis omitted that people go to college to learn stuff from smart people, establish credentials to have a career, and party with college girls. An education is worth what you make of it. .I agree that the price is prohibitive for no good reason, other than they can get away with it.

I see some of Peter Thiel's points. The biggest one being "what's the value of the new costs of higher education", being that since college is so much more expensive than previous decades, is its' value better? I personally don't think so; college has become a racket according scholars such as Jordan Peterson. Many of the tuition costs have nothing to do with education, but "extra-curricular activities" and administration. Another point here is the exclusiveness that comes from a prestigious education like going to an Ivy league school? The challenge to every potential student is to ask themselves what they truly want and if the costs are worth it?

Thiel: "Elite" Universities are like a studio 54"..."are students investing in a degree or consuming a product from universities?" Professor: *Maniacally laughs* 😈 . This is the condensed representation our university system.

Wow, this is truly eye-opening. That's coming from a person with 2 higher educations, by the way, no sarcasm

We spend too much on insurance in America.

Nowadays you can get a bachelors or masters online from accredited ACCELERATED universities, without stepping into a class room. And, they are super cheap, like $4k for 6 month period. No book costs, etc. The best part is they are way, way faster than brick-n-mortar as in "get a bachelors in 2 years while you work at the same time" lol its being changed up, dony worry peter puffer.

File that under "Another item you'll never see on cable news".

He's a crappy talker but he makes a ton of sense.

@chittybangbang8370

7 жыл бұрын

No, he talks out of his ass.

@AA-lz4wq

6 жыл бұрын

Bela Tarr, "No, he talks out of his ass" this is the current level of the left arguments, I'm seeing a bright future for conservatives :)

@ohedd

6 жыл бұрын

Thiel and Musk speak identically. Very choppy.

I'm afraid that the only ones with a positive view of the curt state of academia are tenured professors and administrators.

Buy discarded books from the local sources. I did this and gained knowledge at a fraction of the cost. I was excluded from the start at public school.

This guys nailed it top to bottom on this topic. Higher education is a luxury good for the wealthy or aspiring wealthy. Build the brand, keep it exclusive, and sell at a psychological price. The only upside is the community of said luxiry goods "takes care of their own". Not to say there is no redeeming value in higher education; but, $1.3T of student debt is outrageous (not even couting the personal debt or payments from families who have bankrolled their way thru).

Interesting but it's still an investment because the dividends pay well more than the cost and college graduate make for more than dropouts. Also just because Harvard is exclusive, don't their graduates make far more? If so it's justified.

My wish for 2019: CAPITAL LETTERS BANNED ON KZread

Dude just blew my fucken mind. Uni as an insurance tournament? Talk about hunger games.

Minute 0:50 is exactly what proves Theils point regarding College Education.

The increase in education costs, outside of the increase in buying required technology, is due to the government support of colleges has reduced by 60 to 80%, depend on which state you are in. Equating the natural limitations in enrollment to Studio 54 is a straw man argument. Especially since he got a BA from Stanford and a JD from Stanford Law. The problem is that he doesn't want to be taxed for schools.

@obijuan3004

7 жыл бұрын

Bobby Frazier. Based on your comments you don't know squat about what makes a University top tier. Top tier universities have top tier professors. People who are well recognized in their fields, well published with recognized peer reviewed journals or books in their field. These professors often have real world experience and connections instead of just academic credentials. Top tier universities have connections into the real world of the degrees that they teach like business, science, medicine etc. The reason that they have to limit enrollment is because they are top tier, so they only accept the best students as well. Thiel is selling right wing propaganda that a college degree is worthless. Yet 80% of jobs today required college degrees. After the 2008 recession companies were still hiring from overseas because not enough Americans had the required degrees. Thiel is a liar.

Thiel dropping truth bombs!

N N Taleb said that such elite university educations are like Gucci hand bags. They are expensive consumer items that are affordable for the rich, not the reason they became rich.

The MBA, for example, doesn't just cost $100k, that's just the tuition, not the interest on the loan. The total cost is $200k or more. For $200k you can purchase a few a apartments, or a cash flowing business, and if you want to use the cash flow to fund your degree then go ahead. But aren't you putting the cart before the horse by spending $200k to become a "master of business"? Reminds me of CEOs who bought the position, rather than getting their organically. It's fake, it's phony. The chickens will come home to roost. Who the fuck would want someone working for their company who thought it was a good idea to leverage 200K in debt with no cash flow?

You won't begin asking the tough questions until you differentiate between 'education' and 'schooling'.