The Ivy League Bubble

Your Captain is largely self-employed. It is because of this he greatly appreciates your contributions. However, because of his self-employed nature (and his rebellious psychological handicaps which prevent him from becoming a cubicle slave), he needs to put food on the table and therefore has to come up with new ideas and ventures. Most of these (like his attempts to court women) fail. But because of the sheer volume of attempts made, I do inevitably succeed (in both work and the ladies).

However, your Captain is working on something very big. And by very big, I mean Gru attempting to steal the moon big. If funding is received for it, I will have to employ people and executives and probably a lot of them, however;

NONE of them will be Ivy League graduates.

And NONE of them will be MBA's.

The reason why is so blatantly obviously, that perhaps it needs explaining.

First, look at our beloved president. Barry is a Harvard graduate. Not a great marketing campaign. "Hey, look, I graduated from Harvard! I'm so smart, I spend $1.4 trillion more than we take in EVERY YEAR!"

Second, if you are on the other side of the political fence, Bush Jr also a Harvard graduate. Not a great marketing campaign. "Hey, daddy, give me money so I can run an oil company and a baseball team into the ground!"

Third, if you look at the

housing bubble
dotcom bubble
Savings and Loan scandal
Asian currency crisis
Enron and the accounting scandals

and pretty much every major economic disaster in recent history it is caused by two general groups of people;

Ivy league graduates

and

MBA's

(sometimes both)

Now who am I to claim this? I went to some crap state college and paid my way through. I don't make more than $30,000. What the hell do I know?

Well, I'm an entrepreneur. And like all entrepreneurs we fail miserably for the most part. But inevitably we break through with something. We come up with something that is so big, "it will blow this pyramid thing out of the water." And when we succeed, it is not GW taking his daddy's money and buying a baseball team. Nor is it Barry Hussein taking his grandmother's money and writing books about himself. It revolutionizes economies and entire industries and it is the Ivy leaguers that work for us. Not the other way around. And the reason why is that Ivy leaguers and MBA's are not trained to think or be creative, they're not even trained to obey. They are trained to work the system. They are trained to simply be one thing and one thing only;

Rent seekers.

Don't believe me?

Look at GE.

That entire corporation is pathetic to my smallish LLC. Why?

I don't need to force through legislation that the entirety of America buy my light bulbs. I produce something of value people want.

Goldman Sachs anyone? Matter of fact the entire bulge bracket. They can't get it up unless the government bails them out. Hmmm...so they hire from any place outside the Ivy League?

Look at all of K street. You think lobbyists exist because their company makes the best product the people want? No, they exist because corporations figured out it's more profitable for them to bribe elected officials to enact laws that give them an unfair advantage over their competitors. So instead of developing the latest and the greatest, it becomes fighting over the remains of a stagnant economy.

Of course what happens is the "old" economy while wrapped up on politicking and bribery and law suits, loses its creativity and vitality to the "new" economy where younger whipper snappers come up with ideas that obsolete the old economies, turning them into worthless bankrupt entities over night. Regardless, understand the MBA's and Ivy Leaguers can only exist and survive in a cronyistic and corrupt environment. And not only will those environments inevitable fall to new ones, the new industries that do come about are going to look at the Ivy League's "product" and MBA's and say, "Good lord, why in the Patron Saint's Name of Frick are we going to hire these charlatans?"

Thus the collapse of the education bubble, particularly the Ivy League.

Understand this and understand this well. It may not happen tonight. It may not happen tomorrow. But until MBA's and our precious "best of best" Ivy Leaguers start actually proving their worth (or perhaps just stop destroying the economy every 5 years or so), the real capitalists and entrepreneurs are going to get wise as to what a scam it is hiring these overpriced dolts. And when this epiphany hits (and also assuming our great Harvard-educated leader can get the economy growing significantly again - ha!) the demand for MBA's and Ivy legaue degrees will have so dried up, that the likes of Yale and Harvard are going to be synonymous with "The University of Phoenix" and "Rasmussen Business College."

Enjoy the decline!