The Credential Economy’s Final Settlement

At Durham University, in the UK, 18.4 per cent of graduates received a first-class degree in 2011. By 2024, that figure had reached 39.6 per cent. At Imperial College London, it went from 30.9 per cent to 52.5 per cent over the same period. The Office for Students, England’s higher education regulator, found that at […]

The Return of Consequence

Every significant accountability failure in institutions follows a similar sequence. Warnings surface. Internal reports are filed. Staff raise concerns through the designated channels. The system receives each signal, acknowledges it, and continues without changing direction. Then something external (a regulator, a market, a court, an incident) imposes the cost the institution declined to impose on […]