Blog
Post3
Privatization
connects to the topic of the Middle classes’ fear simply because it feeds off
of it. Privatization is fueled on an ever present emotion in both the lower and
middle classes. In the article Debt and
Taxes: Can the Financial Industry save Public Universities? The author uses
University of California to some up an example of Privatization using this fear
in action. He states “By following the logic of financialization, UC could
theoretically raise revenues from enrollment growth for as long as Californians
were more willing to incur debt than to pay higher taxes”( Meister 134). This
quote deals with two fears and ideas that circulate in American society, The
first being that going to debt for education is the way out and the second being never want to pay higher taxes.
Is it possible that college and the debt it puts you in has become a trait of
the middle class?