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Published Jun 25, 2020

Exploitation Economy

Scott Galloway explores the transformative shifts in advertising, media, and higher education in the wake of the pandemic, analyzing the tech-driven recovery and the societal shift towards an exploitation economy, while Jim McKelvey shares entrepreneurial insights from Square's innovation journey and market creation strategies.
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  • Financial Instability

    The financial instability facing universities is a looming crisis. predicts that about a third of universities could be out of business within a year due to the pandemic's impact on international student enrollment and cash flow 1. He highlights the unrealistic expectations placed on students and faculty to maintain safety protocols, which could lead to severe disruptions in campus operations 1.

    What happens when your cash flow, 50% of your cash flow doesn't show up?

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    The situation is exacerbated by the fact that many universities have not taken significant cost-cutting measures, unlike other industries facing similar challenges 2.

       

    College Experience

    The traditional college experience is undergoing significant changes due to pandemic-related restrictions. argues that the essence of college, which includes social interactions and personal growth, is being compromised as students are forced to adapt to new norms like quarantine groups 3. He reflects on the irony of college being a place to "not distance," yet current protocols demand the opposite 3.

    What's the point of college? You're there to not distance, for God's sakes.

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    These changes challenge the very purpose of higher education, which is to foster personal development and social skills.

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