Office Hours: McKinsey’s Mistakes, Arizona State’s Online Initiative, and the Great Resignation

ASU's Vision

Arizona State University's ambitious plan to enroll 100 million students by 2030 is a bold move towards democratizing education. Scott Galloway praises the initiative for embracing innovation and technology, moving away from the elitist rejectionist culture prevalent in higher education 1. He emphasizes the need for more vocational funding and micro-certifications to lower costs and increase access to education.

We have to lower the costs. We have to build more on ramps into the middle class. That's more vocational funding.

--- Scott Galloway

Scott believes this approach will create more opportunities for students to enter the middle class, aligning with the vision of a more inclusive educational system.

   

Higher Ed Critique

Scott critiques the traditional higher education system for its lack of innovation and exorbitant costs. He argues that the focus on a traditional BA is outdated and not suitable for everyone, as two-thirds of young people do not pursue this path 2. Scott criticizes the education industrial complex for perpetuating a system that pressures parents to send their children to four-year colleges, despite the lack of innovation in offerings.

The only thing that's super impressive about universities where they've innovated is they figured out a way to increase prices 1400 percent in the last 30 years.

--- Scott Galloway

He suggests that the system's failure to adapt has resulted in a massive wealth transfer from middle-class households to university endowments and faculty.