https://amgreatness.com/2024/11/16/saving-the-country-from-the-university/
The Federal Aviation Administration and the Transportation Security Administration are supposed to regulate aviation not only to keep planes safe but also to keep those of us currently grounded safe from planes. When we think about higher education regulation, we usually think about quality regulation of educational credentials. Accreditation is used to make sure that institutions actually teach something and aren’t diploma mill scams.
Regulation through accreditation is supposed to protect the public and protect students. Accreditation is a quality stamp that is supposed to protect students by ensuring they are offered genuine learning and skills in return for their time and tuition money. Accreditation is also supposed to make sure that the would-be teachers, engineers, physicians, oral hygienists, and lawyers that our institutions turn out actually know what they are doing. Since the 1970s there has also sprung up a whole sphere of civil rights and student rights regulations on how institutions must treat students respectfully and equally and ensure their safety.
The FAA regulates the airplanes produced by Boeing, but a whole slew of other agencies regulate Boeing’s production of what we political economists call “potentially harmful externalities”: effects of Boeing’s production and sale of airplanes that go beyond the company and its direct customers. The EPA makes sure that Boeing doesn’t damage the environment, and OSHA that it doesn’t cripple its workers.
Universities also produce externalities, and these go beyond the possibility of poorly prepared students who will botch our defibrillator implantation or our defense to the federal charge of selling raisins without a license.