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Frank Schnittger:
a recreational area for rich kids
Isn't that what prep schools and private universities are?

See Krugman's futuristic writing looking back to 1996 from the end of the 21st century: Krugman and the end of the Industrial State

The famous universities mostly did manage to cope, but only by changing their character and reverting to an older role. Today a place like Harvard is, as it was in the 19th century, more of a social institution than a scholarly one -- a place for the children of the wealthy to refine their social graces and make friends with others of the same class.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Fri Sep 4th, 2009 at 09:21:16 AM EST
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