I would say I called it back when I wrote Education vs Success, but if I did that then that’s all I’d ever do.
“[C]redentialism is astonishingly inefficient. Education is the largest single public investment made by most modern societies, and this is justified on the grounds that it provides a critically important contribution to the collective welfare. The public value of education is usually calculated as some combination of two types of benefits, the preparation of capable citizens (the political benefit) and the training of productive workers (the economic benefit). However the credentialist argument advanced by Brown suggests that these public benefits are not necessarily being met and that the primary beneficiaries are in fact private individuals. From this perspective, higher education (and the educational system more generally) exists largely as a mechanism for providing individuals with a cultural commodity that will give them a substantial competitive advantage in the pursuit of social position. In short, education becomes little but a vast public subsidy for private ambition.”