Returning to a system of privately funded student loans with risk on the lender would certainly be helpful in reducing the inflated cost of education and increasing the value of having a degree in the short-term. No for-profit lending should ever be risk-free for the lender as it encourages predatory lending practices.
You're also correct that our bought-and-paid-for government officials would never willingly implement such policy. There's a reason that global capital so willingly got into bed with the Left, and it has to do with the underlying structural flaws in modern civilization.
An engine running on usury at the highest levels, lubricated by fiat currency with no real value, requires constant growth to keep ahead of interest and currency inflation. To maintain this constant growth, we simply cannot allow (among other things) a "seller's market" for labor, so to speak - with no other structural changes, a return at this point to conditions where the labor market itself keeps wages somewhat in-line with the cost of living would cause this debt engine to stall and destroy itself.
In an "ideal" capitalist society, growth and contraction would be natural generational cycles - a period of slight labor shortage means laborers (in any field) are well-compensated, meaning people have bigger families because they can support such, which leads to slight labor oversupply in the next generation, allowing business to grow and the working class only able to afford fewer offspring, setting up the next cycle of labor shortage. But our usury-fueled world economy cannot survive a major contraction, and so every effort has been made to keep us stalled on the "labor oversupply" side of the cycle so the financial industry can remain profitable.
Sadly, it's unlikely any of this can be corrected short of a cataclysmic reset of global civilization.
Returning to a system of privately funded student loans with risk on the lender would certainly be helpful in reducing the inflated cost of education and increasing the value of having a degree in the short-term. No for-profit lending should ever be risk-free for the lender as it encourages predatory lending practices.
You're also correct that our bought-and-paid-for government officials would never willingly implement such policy. There's a reason that global capital so willingly got into bed with the Left, and it has to do with the underlying structural flaws in modern civilization.
An engine running on usury at the highest levels, lubricated by fiat currency with no real value, requires constant growth to keep ahead of interest and currency inflation. To maintain this constant growth, we simply cannot allow (among other things) a "seller's market" for labor, so to speak - with no other structural changes, a return at this point to conditions where the labor market itself keeps wages somewhat in-line with the cost of living would cause this debt engine to stall and destroy itself.
In an "ideal" capitalist society, growth and contraction would be natural generational cycles - a period of slight labor shortage means laborers (in any field) are well-compensated, meaning people have bigger families because they can support such, which leads to slight labor oversupply in the next generation, allowing business to grow and the working class only able to afford fewer offspring, setting up the next cycle of labor shortage. But our usury-fueled world economy cannot survive a major contraction, and so every effort has been made to keep us stalled on the "labor oversupply" side of the cycle so the financial industry can remain profitable.
Sadly, it's unlikely any of this can be corrected short of a cataclysmic reset of global civilization.