The customers are captive (pay or sheriff with guns show up to toss your ass out), the employer is spending OPM (largely funded to administration or special interest segments or overhead), and the student consuming has essentially no say since his parents have no money left to choose somewhere else after paying already for the public school.
What could possibly go wrong where the only person with any real choice is an administrator who doesn't bear the cost or benefit of his own actions? The incentives could hardly be more misaligned.
What could possibly go wrong where the only person with any real choice is an administrator who doesn't bear the cost or benefit of his own actions? The incentives could hardly be more misaligned.