The Corporatization of Universities: Tuition Hike at UC is only the latest chapter

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"What happened about 1980 was that states started to cut their funding of higher education, & so universities looked for other ways of making money, & so they concentrated on raising funds & doing research, & especially research funded by corporations & the federal government. And so, basically now at a lot of universities, instruction only represents about ten percent of the budget, and so its a minor aspect of the universities. And most people dont know that, that universities, in some ways, are just kind of fronts for investment banks and investments...."

Bob Samuels, president of the University of California American Federation of Teachers, interviewed on Democracy Now, 20 Nov 2009

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