Oh yeah, “creative destruction” does not refer to the pandemic, which is just the pin that the higher education bubble has been searching for.
Creative destruction, rather, is a term of art well known to anyone who has dipped her toe into the dismal science. Economist Joseph Schumpeter described the process by which institutions make progress and society advances through an often destructive process in which the status quo fights change and therefore needs to be destroyed.
Not dissimilar to what scientist Max Planck observed at the dawn of the new and revolutionary physics that would forever change our world, an observation often paraphrased as “science advances one funeral at a time.”
Protecting institutions from necessary change does no one any good. Ever wonder why the Department of Motor Vehicles or any social security office can feel like they belong in Dante’s middle circles?
Time to destroy the parts of this education system that deserve to be destroyed.