Meanwhile, the serious schools who make a conscious effort to avoid this malady will attract students interested in serious, marketable discliplines like engineering, math and the hard sciences.
Who will then return to their homes in Mumbai and Beijing.
This is almost a certainty. Distance learning a la The University of Phoenix will displace traditional colleges. Customizable, valuable courses that end in vocation. Immediate update to curricula. The textbook racket is over (the Kindle will do that anyway). Heck, even sports teams will exist, with students using league-approved avatars. No steroids, no phony "student athletes" facade and hoepfully the death or dramatic overhaul of the NCAA. These online communities will be augmented by local clubs that will provide an outlet for social networking and certain extracurriculars (even dating).
And why not? The cost for upper education is absurd and modern universities breed elitism (overwhelmingly characterized by strident liberalism). Tenure is a cancer in that it suspends accountability.
This will happen in my lifetime and I am 50.
I’d value a MIT or Caltec degree over an Ivy at this point