alt Hacker NewsI think that speaks to the low bar we have come to expect from our endowed institutions today more than anything else.
American Universities, historically, are supposed to improve not just their students’ lives but also society as a whole, especially as serving as boosters for the city they’re in and their immediate neighbors. That’s why they’re nonprofits. That’s also likely their strongest lifeline to remain relevant in the future rather than as the hollow alumni clubs and gatekeepers their critics say they are, with AI/the internet/online schooling/topic of the day breaking down socioeconomic barriers to knowledge access
That’s why the Carnegies and Mellons built libraries, museums, and the very literally named Carnegie-Mellon university, back then. Now it seems like the first thing billionaires today do is isolate themselves and their wealth from the masses as much as possible.
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> That’s why the Carnegies and Mellons built libraries, museums, and the very literally named Carnegie-Mellon university, back then. Now it seems like the first thing billionaires today do is isolate themselves and their wealth from the masses as much as possible.
Historically speaking, wealth accumulation was borderline impossible because the incentive to steal it was so large. You had to become a king, and then constantly murder people trying to take the throne, because everyone had the attitude that the only way to acquire wealth was to steal it from others. And that never really worked out well since the king was always threatened by death (the Sword of Damocles).
This stopped when the upper classes realized it was cheaper and more effective to raise the living standard of everyone else than it is to prevent everyone else from stealing their wealth. When you create wealth, you share some of it with others.
In other words, create a society where everyone has salt and pepper, rather than try to hoard salt/pepper for financial gain.
That's true of schooling as well. In the Middle Ages, only the rich and powerful could read and write. Now that everyone knows how to read, Facebook has a trillion-dollar business selling words.
This mentality is present in FOSS to some extent, but it isn't present for education anymore. Everyone seems to think good universities are a perpetually limited good, so we fight over limited admissions spots rather than figure out a way to deliver high quality education to the masses.
It's stupid, because bumping up the difficulty is how we make education worthwhile.
I doubt they could even if they wanted to. All problems cannot be solved by throwing money at them, and the local governments may not be cooperative or efficient enough to use the money. There are chemically engineered drugs that will gigafry your brain into addiction in one dose getting better every day. Police departments all over the country/west seem to be ineffective at enforcing order, courts are too delayed and too lenient on sentencing, list goes on. Problems on the public side that private enterprise can't really fix without a lot of cooperation. Maybe in a much less regulated world like the Carnegie's, they would be able to try a lot of things without permission, now it would take years of begging to get a permit to build a drug rehab centre somewhere no matter how rich you are and the neighbors would block it.