the very last thing USA needs is more lawyers!
my Lord!
“A lawyer with his briefcase can steal more than a hundred men with guns.” Mario Puzo (author of “The Godfather”)
Go to a bunch of high school basketball teams and then immediately make the first 200 white kids you meet NBA basketball players. Make it such these kids start every NBA game. Watch how well the league does.
Bkmk
Higher education is just the latest bubble to be blown by financialization - the confluence of government policy and government money, being chased by private money in our completely unbacked, fiat, manipulated Federal Reserve currency.
John Grisham, “The Rooster Bar”, tells it all.
I think the Law is te only profession where increased supply of lawyers increases costs.
WAAAAY TOO DAMN many lawyers. They stumble over each other looking for a score.
What scares me is that this article, even though from the WSJ, is the opening shot in a “forgive the student debt from for-profit institutions” campaign. Which means that those of us working get to pay off the outstanding loans.
More lawyers mean cheaper lawyers. Supply and demand.
University of Wisconsin Law School’s classes now number about half or less of what they did 40 years ago.
Following WWII hundreds of similar schools sprung up around the country to exploit the GI BIll.
Corporatism vs Capitalism.
What the market should want vs what the market does want.
Good luck hiring prosecuting attorneys for the crimminal justice system, who will opt for private practice after graduation to make enough monry to pay the private loan.
Yeah, take a lot of candidates who are proven to be unqualified based on LSAT exams, lower standards by recruiting them into newly minted sham law schools, and then scratch your head when they can’t pass the bar exam after being handed a J.D. degree just because they’re “diverse”.
A brilliant business model.
State Bar Associations are like the mafia and corrupt labor unions. Restrict supply and charge huge amounts of money to enter the profession;and then, dont dare try to go after corrupt judges and powerful politicians because they will take away your right to practice your profession.
This happens every time a lawyer goes after a corrupt judge.
The racketeers that control the courts do not fear lawyers. They fear non-lawyers who know the law going after them.