INTEGRATIONALISM

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Avoiding Bubbles – The California Dream Act

The California Dream Act.

The banking industry is likely California Dreaming about the day when more states get their act together. …For those of us who think that the US will see a bubble in the education industry caused by its efforts to distribute human kind’s knowledge communities outside of the affluent elite, they shouldn’t hold their breath.

The Cali Dream Act could seem like an altruistic attempt to empower our desperate relatives converging on US cities, but there are some fiscally desperate economics behind this proverbial triumph over “social evil”, as if such a thing ever existed…LOL

For-profit and Not-for-profit education is big business…consider the $4.9B income of the Apollo Group, owner of University of Phoenix or the pride of the west coast’s $16.5B endowment at Stanford University. All of these are affected by the arbitrage (my favorite word 🙂 ) in an industry… losing applicants with the confidence that a degree or certificate is honestly their best investment

One thing is for sure, the US is the largest knowledge community on the planet currently, and one thing it can still sell the world’s consumers on, is that they’ll want to tap into the experience in their quest to secure the ideal 20th century standard of  success. To be redundant, the 20th century American Dream is still the benchmark for making it in 2011 for the vast majority world around us…even as those of us investing in the future would harshly disagree.  Where better to catch a dream life than in California…or even Michigan, with residents exiting at record paces.

The reality is that undocumented immigrants are a new class of Americans or non-Americans to sell long-term deferred and/or short term deferred loans. Its an ideal way to build collateral on the balance sheet of a lending company ;-). I’m not only expecting for more states to echo California’s legislative desperation/foresight (call it how you like), but I am expecting for the near future to offer American educations with State and possibly Federal assistance (at a taxable premium + interest) to undocumented immigrants of the US… and even foreign nationals with no immediate intent on coming to the US for legal or illegal residency. It’ll be called globalization

The US education models designed by the non-profit traditional institutions and technologized (new word for me…lol) by the more agile for-profit institutions, will be distributed throughout the world at the rate of technologies acceptance in foreign countries.

And, of course, where there is government support (large pot of $), private speculation (smaller pots of $) will follow its low risks. fueling the distribution of what we know and what we are exploring.

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