And it’s like that with everything. What is the whole “free college” scheme if not a way massively to enrich lenders?
If cheaper public universities like mine die (which they will once they aren’t allowed to charge tuition), what will prospective students do? Forego the idea of higher education? Obviously not. They’ll take out loans to go to expensive private schools, whether real or online. Nobody is banning them from charging tuition, which leaves the already struggling public schools like mine at an enormous disadvantage and completely dependent on yearly negotiations of state budgets.
And it’s the same with college debt forgiveness. It’s a massive gift from the state to the banking industry.
The Democrats have become the party of neoliberalism. They seem incapable of generating a single idea that’s not neoliberal. And that’s what I find so maddening.