Is It Any Wonder That Graduates Are Unemployable Socialists When They Are Taught By Vicious Ideologues?
Not long after I posted my Schumpeter/Elite Overproduction piece, the FT ran an article titled “It’s a bad time to be a graduate.”
It’s a bad time to be a graduate https://t.co/5MXrnL2Fex | opinion
— Financial Times (@FT) July 6, 2025
The gist:
From North America to Europe, university leavers are struggling to find suitable work. The unemployment rate for recent college graduates in the US has for the first time been consistently above the national level since the Covid-19 pandemic. In the EU, the employment rate of 15- to 25-year-olds has fallen over the past two years. Even the crème de la crème are struggling. The percentage of MBA students from Harvard Business School and MIT Sloan without a job offer three months after graduation has risen sharply since 2021
(Note this is not strictly a western problem. It is a major issue in China as well).
The article concludes:
A surfeit of underemployed elites is bad for society and the economy. To ensure it does not become a feature, education must evolve from being a ticket to a job to a toolkit of skills for a changing world.
Skillz! What a concept!
Yes, specific job-related skills are important, but generalized critical thinking skills are even more important. But those are something that modern academia fails to impart, and has done so for years.
The article also mentions that the fraction of jobs advertised that require a college degree has dropped. This indicates that not only is the knowledge/skills acquired in an education deemed increasingly irrelevant to the extent it even exists, but that the signaling value of post-secondary education has also dropped. The most likely explanation for this is that grade inflation, dumbing down of coursework, etc., have reduce the correlation between individual characteristics (e.g., generalized intelligence) and the cost of completing a degree. Something that anyone can get with no differentiation (e.g., grades) is worthless as a signal.
These are some symptoms and effects of the devolution of university education. A related, and disturbing, phenomenon is the increased ideological slant of the modern academy. Three examples from just the last couple of days.
First, Zorhan Mamdani’s father–a professor at Columbia, where Zohran lied about his race in a failed attempt to get in—gives a disquisition on American history:
Zohran Mamdani's father believes:
— MAZE (@mazemoore) July 5, 2025
??The Allies and Nazis had the same goal
??Abraham Lincoln was Hitler's inspiration
??White people are the oppressors, America is the root of all evil
??BLM is the resistance
Blah blah blah. Another wealthy leftist who hates America. Now we… pic.twitter.com/jbRFVjov38
That is so disgusting and bizarre that it is self-refuting.
The next example is from my alma mater, The University of Chicago:
Eman Abdelhadi: “F*** the University of Chicago… but it’s my best shot at power.”
— Stu (@thestustustudio) July 6, 2025
At Socialism 2025, @UChicago professor Eman Abdelhadi called her employer “evil colonial landlord."
Use it. Organize it. Seize its structural leverage.
“We don’t have power… but I work at one… pic.twitter.com/Mes06SYMEp
Of course, as is de rigeur, Abdelhadi wants to use that power to advance the Palestinian cause, among others.
Why the University of Chicago gives “power” to someone who boasts of her hate for it, and her desire to exploit its reputation for her own twisted ends, is beyond comprehension.
In a similar vein is my, er, “colleague,” University of Houston Poli Sci prof David McNally, in remarks apparently delivered at the same socialism conference where Abdelhadi ranted. (Unfortunately not the late Baltimore Orioles All-Star lefty Dave McNally).
“University of Houston Would Become George Floyd University”
— Stu (@thestustustudio) July 6, 2025
At Socialism 2025, University of Houston professor David McNally laid out a radical vision for what happens when an “insurgent social movement” seizes control of a university. His words weren’t abstract.
“Let’s assume… pic.twitter.com/4UfYxeEzD8
He also wants to seize power at the university in order to advance his far left agenda. And his keffiyeh of course signals his pro-Palestinian (and therefore anti-Semitic) bona fides.
Bring it, dude. See how that works out for you. Look for me. I’ll be on the other side of the barricades.
Given that such individuals have achieved prominence at prestigious universities, and presumably spread their poison in the the classroom, is it any wonder why (a) a large fraction of college graduates are unemployable, and (b) many are unthinking leftists seduced by the siren song of socialism?
Universities need to be torn down to the studs, if not razed to the ground. The rot is far too deeply embedded in the walls for merely cosmetic changes to be worth the candle.
Craig Pirrong's Blog
- Craig Pirrong's profile
- 2 followers

