Anything Government Does, Business Does Better? Try the University of Phoenix
In the SBR Forum, “John Galt” writes:
"Is there anything that the Government does better than the Private Sector?
I ask this question because I honestly can't think of anything. I do realize there is a need for Government and I'm very happy for some of the things that the Government provides. Such as... our Military and Police force(although many of the laws are ridiculous and cost tax payers a fortune). I also really enjoy Public Libraries... which are usually pretty good depending on where you live.
I'm not an anarchist(I'm a Libertarian) and like I said I do realize there is a need for Government. But every time I think of something that the Government does that the Private Sector also does the Government virtually always does it worse. I'm sure there are some things that the Government does better than the Private Sector but I honestly can't think of any. If you can think of anything... please post it in this thread."
“John Galt” isn’t thinking very hard. For just one example, let’s compare the private for-profit University of Phoenix to the non-profit state university in Phoenix, Arizona State University.
According to the White House College Scorecard, at Arizona State University:
- It costs the average undergraduate student $10,599 a year to attend
- 57.5% of full-time students graduate within 6 years
- 5.9% of students taking out federal student loans defaulted on their loans within three years
According to the same White House College Scorecard, at the University of Phoenix:
- It costs the average undergraduate student $16,585 a year to attend
- 17.0% of full-time students graduate within 6 years
- 26.4% of students taking out federal student loans defaulted on their loans within three years
The University of Phoenix costs students more. Far fewer students ever graduate there, and far more of its students fare poorly after leaving the University of Phoenix, so poorly that they can’t pay back their student loans. The University of Phoenix is such a rotten place to get an education that last month the North Central Association of Colleges and Schools recommended that the University of Phoenix’s accreditation status be placed on probation.
I didn’t pick the University of Phoenix randomly. As the largest for-profit university in the United States of America, it is the face of privatized for-profit higher education. It’s a shambles.
So much for the power of business to magically do everything better.