Apple Should Buy A University by Alex Tabarrok, Foundation For Economic Education
Apple has more than $205 billion in cash. What should they do with the money? Apple should buy a university and rebuild it from the ground up.
In recent years, some private equity firms have bought universities and turned them into for-profits. The for-profit model, however, has yet to produce a world-class university.
But consider Jerry Falwell’s Liberty University: It was only established in 1984 and yet today, with its online students, it’s the largest private, non-profit university in the United States. Liberty University doesn’t get accolades, but it is a technology leader, and it shows what is possible starting from a small budget.
Apple is a for-profit corporation, not...
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