Gilding the ivory towers
ANALYSIS: Despite pleas of poverty and underfunding, universities have been spending billions on property development.
Since 2009 universities have invested more than $5b in land and new buildings.
Like the legwarmers of public policy, there was a fad for a while late last century to promote the adoption of private sector commercial practices by public institutions.
Hospitals, doctors’ surgeries, and schools would become more efficient if funding was tied to demand for their services.
Capital
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