Bloated college administration is making education unaffordable
In the US, both college education and healthcare have become enormous taxpayer wealth extraction schemes.  Everyone has a &quot;right&quot; to education and healthcare, therefore we should subsidize it with taxpayer money.  That is as far as the politics go.  We have stupidly funded the demand side of the equation to where both education and healthcare are incredibly bloated behemoths capable of absorbing all the money thrown at them.  All perfectly justified.<p>Where the taxpayer money should have gone: on the supply side.  For example, the number of UC campuses in California should have doubled as the population doubled.   The last UC campus to open was Merced in 2005.  Before that was Irvine and Santa Cruz in 1965.  And we wonder why tuition keeps increasing?  1) Demand increases with population increase.  2) Demand increase with more people seeking 4 yr degrees.  3) Demand increases with the US subsidizing the ever living shit out of college tuition.  4) Supply stays relatively constant.<p>Similarly Obamacare drove the demand side by subsidizing health insurance and onboarding millions of new members.  It did almost nothing on the supply side - same number of hospital beds and doctors.  Insurers and medical groups made a killing as the price of their services grew dramatically.<p>In both cases, political stability was achieved in shoveling taxpayer money at education and healthcare without increasing competition.  This is a very clever way for existing vendors in healthcare and education to soak the government.<p>Solution: drive prices down by investing in supply of education and healthcare.