PrintNovember 12, 2008
Socialism as Moral Hazard
I was taken aback the other day by a self-revelatory little piece by a college professor in the early years of her career. She has a doctorate, and things just aren't working out! I do hope for her sake that the name on the article is a pseudonym, since the tale she weaves and the admissions she makes would bring shame on any mature, self-respecting person, a person she may yet become someday.Since her "fateful" decision" to accept a tenure track appointment in the fall of 2002, she says,I have declared bankruptcy, lost a home in a foreclosure/short-sale proceeding, cashed out three modest retirement plans, and been delinquent on my student loans. While I have had the good fortune of being on the tenure track since earning my Ph.D., I would have to argue, from my vantage point, that exactly what that "fortune" consists of is open to debate.What is apparent in the telling of this sad tale is it was the decisions made by her and her husband, in the...(Read Full Article)
