What I get from this is that the professional academic community -- as a whole -- has hit critical mass, which has produced a cottage industry of paper mills and fraudulent services to support said surplus.
Socialism wouldn't be the answer to this because socialism is famous for struggling with surpluses and shortages. All socialism would do is clamp down (hard) on academic's, which case you wind up with the famous shortage where not enough PHD's are available to produce research for an industry.
And that's not a problem specific to just socialism, that's the fallacy of central-planning. The US government clamped down on welfare fraud and the result were freak government social workers sniffing people's bed sheets and rooting through drawers and forcing everyone to document partners.
This is the situation where there needs to be a market correction because the alternative could be far worse.
Socialism wouldn't be the answer to this because socialism is famous for struggling with surpluses and shortages. All socialism would do is clamp down (hard) on academic's, which case you wind up with the famous shortage where not enough PHD's are available to produce research for an industry.
And that's not a problem specific to just socialism, that's the fallacy of central-planning. The US government clamped down on welfare fraud and the result were freak government social workers sniffing people's bed sheets and rooting through drawers and forcing everyone to document partners.
This is the situation where there needs to be a market correction because the alternative could be far worse.