In the United States, the upper level education system (University) is nothing more than a Ponzi Scheme. It is a way to such money in to the system and burden the younger generations with debt they cannot bankrupt out of.
I discuss, in this video, the system and how Web 3.0 is going to be an option for people. This will not only come from education opportunities online but also the potential to gain an "income". This is the true test for Web 3.0; can it replace our existing institutions?
▶️ 3Speak
It is strange for me that these so called universities claim that if you get a degree from them you are guaranteed to get a good/handsome job in the market and when people like you tell them it is a "Ponzi Scheme" these universities will tell you that they have a system called "Alumni" which is a group of those students that have completed their degrees and they will help each other out getting a job meaning networking. But I have seen high ranked University graduates that go to LinkedIn and end up becoming full time freelancers instead so the hard work, time and money that they spent getting a degree is all lost somehow cause in the job market you require an "Approach" from some one big.
It's a big scam and I am finally glad my daughter is seeing it. She is leaving school at the end of the year so she can at least get her credits incase she wants to go back, and to use up the scholarship money, haha.
And I think that not everyone gets a job in the end after spending so much. This prompts some to venture out on their own if they are brave enough. Others will be let down.
Harsh truth.
Nevertheless, we know that universities do not provide all the necessary tools for success in life. Thus, you are correct, web3 has the potential to be a powerful tool in education and sharing knowledge, as well as a means to generate income.
I agree that the Student debt system in the US is messed up and a Ponzi Scheme, but I can't deny the importance of universities. A lot of important jobs need to go through universities. Most if not all medical field need it. There are state universities and scholarships, but a lot of the popular universities have high tuition fees. It would be interesting to see how Web3 can help change that.
What an enlightenment! This is not only about the US, it's also in my country. They told us to get to college that we will be employed, when we finish no one answers again. Truly a ponzi scheme!
Investment or things that looks like a Ponzi scheme to me really needs to be eradicated for the safety of people because that is what protect people from making wrong decisions
Summary:
In this video, Task discusses the theme of Web 3 and the Ponzi scheme that he believes encompasses the higher education system in the United States. He criticizes the financial enslavement caused by student loans and questions the necessity and value of traditional college degrees in the face of technological advancements, like AI and blockchain technology. Task advocates for the disruption of traditional educational institutions and emphasizes the importance of adapting to technological changes to secure income in the future.
Detailed Article:
Taskmaster begins by drawing attention to what he perceives as a Ponzi scheme within the higher education system in the United States. He criticizes the reliance on student loans to fund the growing university system, labeling it as unsustainable and detrimental to future generations. Task highlights the impact of legislation that prevents the discharge of student loan debt, leading to financial enslavement for those burdened with it.
He delves into the changing landscape of education and the increasing relevance of certifications over traditional four-year degrees, especially in fields like computer science and networking. Task suggests that advancements in technology, such as AI and robotics, may render certain professions obsolete, prompting the need for individuals to adapt and seek alternative means of income generation.
Task discusses the potential of Web 3 to disrupt the traditional education model by providing alternative avenues for learning and income generation. He emphasizes the importance of staying abreast of technological advancements to remain relevant in the job market. Task envisions a future where individuals can leverage technology to create income streams without the need for a traditional college education.
Furthermore, Task explores the role of personal AI assistants and the significance of developing skills in prompting and asking insightful questions. He stresses the need for individuals to adapt to changing circumstances and emphasizes the value of leveraging technology to secure financial stability.
In conclusion, Taskmaster advocates for a paradigm shift in education and income generation, urging individuals to embrace technological advancements and disrupt traditional institutions that he believes are failing to keep pace with evolving trends. He asserts that a proactive approach to integrating technology into various aspects of life, including education and work, is essential for future success and financial independence.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.