Should we defund academia?

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In this video I explain why I think that academia will be mostly defunded in the coming decades. In a nutshell it’s because it’s for all practical purposes a planned economy and extremely inefficient. I go through the most common arguments for academia and explain why they all fail. I am not sure whether this will be a good or a bad thing. I guess time will tell.

00:00 Intro
00:44 The Problem with Academia
01:43 Why Now?
05:48 Common Arguments for Academia and Why They’re Wrong
06:28 1: The Long-Term Argument
08:18 2. The You-Never-Know Argument
09:55 3. The No-Profit Argument
11:47 4. The But-It-Takes-an-Expert Argument
12:37 5. The There-Wouldn’t-Have-Been Argument
13:45 The Underlying Problem
18:51 A Prediction
20:04 Epilogue

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