The Nearly Free University and the Emerging Economy: The Revolution in Higher Education by Charles Hugh Smith

Author:Charles Hugh Smith [Smith, Charles Hugh]
Language: eng
Format: epub, mobi
Publisher: Charles Hugh Smith
Published: 2013-11-10T08:00:00+00:00

Aligning the NFU Curriculum to the Emerging Economy

These are the key features of the emerging economy:

 What matters is what you can accomplish on your own and with others, not what stamps/degrees are on your higher education passport.

 The goal is to learn how to assemble ownership of human and social capital, which are the means of production in a knowledge economy.

 Careers in the emerging economy are ecosystems of collaboration and work.

To make sense of these points, we must first understand that we have entered a unique era of transformation comparable to the Industrial Revolution that radically transformed the global economy. Our economy is changing in profound ways, and the transformation will only gather speed.

The emerging economy is and will continue to be difficult to navigate, and many of us will look to our difficulty as a personal failure. The difficulty is systemic, and beyond individual decisions or policy adjustments. Existing systems unravel whether there is a replacement system in place or not.

The problems with the higher education industry are also systemic, and the current system will reset along with the entire economy and society. The question is whether the reset will serve the populace and the emerging economy, or if it will fail to do so.

To summarize: not only is higher education itself a failed system, it is serving a failed system. The interconnected social, political and financial infrastructures of the status quo are unraveling for systemic reasons, and the task for those who grasp the profound nature of this obsolescence is to design an alternative infrastructure that is transparent, adaptable, decentralized and open equally to all. The Nearly Free University model is a key part of that new infrastructure.

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