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> Universities sell credentials, not knowledge.

Could point. Therefore the diploma mill market. All in all it is just another bubble. The only thing that keeps the bubble going is that employers still screen based on degrees, therefore degrees are perceived to have value. Now I would argue for not even working for any employers that screen heavily based on degrees instead of extensively checking and matching a candidate's knowledge and personality fitness ... but that's just me.

> ... they would have been put out of business by public libraries long ago.

And a lot of universities already publish quality course materials on the web.



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