unsw - money is the end all

UNSW Too hasty a decision University's governing body had 30 seconds to decide on Singapore. Sydney Morning Herald. May 26, 2006 By Harriet Alexander The University of NSW rushed through plans for its now collapsed Singapore campus so quickly that the university's governing body was given just 30 seconds to scrutinise the proposal, a senior academic says. One former member of the governing body said he was so disgusted by the decision in early 2004 that he decided not to stand again for his position on the University of NSW council. Yesterday the university announced it was abandoning the university's Asia operation in Singapore after losing millions of dollars on the venture. Fewer than 150 students had enrolled in the offshore campus this year, far short of plans to have it expand to 15,000 students over the next two decades. It is the latest hitch in the Australian university sector's troubled attempts to exploit the lucrative international student market by setting up offshore campuses. I extracted the above bits from littlespeck.com. This is what will happen when the original objective of education is hijacked into a money making enterprise. It is now all about money. The noble objective of education, the responsibility of educating and training a productive population is discarded and forgotten. Now it is whether there is money to be made. If not, simply close it down, cut your losses, and look for another more lucrative business. Is there anything to learn from this?