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50 sats \ 5 replies \ @Bell_curve 28 Oct \ parent \ on: University Professors Are Approaching Near Unanimity as a Democratic Lock Politics_And_Law
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Academics and intellectuals in general have a high opinion of themselves. They should have more money than business men who lack advanced degrees. Yet capitalism seems to ignore intellectuals especially academics.
Academics also love central planning because they don’t understand how markets work. Hayek calls this the conceit of knowledge.
I worked for Virginia Commonwealth University in the 1990s. Every year they would publish the earnings of professors. The Painting and fine arts professors made about 30,000, the commercial art professor made 50,000 and he always had side gigs for big advertisers. The business professor made 150,000 because he knew how to make money.
I got paid $7 an hour which was double minimum wage as a nude model. Fortunately I got paid minimum 3 hours for each class. And I worked about 25 hours a week.
Back then it was a lot of liberal nonsense in the developing stage but conservatives where about 40 percent. Now it's just Hitler youth pointing at everyone else as Hitler youth.
Exactly
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I meant to say the fatal conceit, the pretense of knowledge
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