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Damone5000's avatar

The crackdowns really took off as soon as wealthy donors started pulling money. Students understand where the power lies and have (smartly) requested that the endowments change rather than merely protesting about the cause. The general public likely doesn’t understand how powerful and influential university endowments really are, so it seems like the students aren’t really asking that much.

Those in power know differently. They know that any power ceded to students will have major impacts on the amount of money they make. Hamilton mention there are larger institutions like unions involved in these issues. However, I’d be surprised if the unions are as large (financially) as the combined value of only the Ivy endowments. As soon as something or someone starts fucking with the money the “grownups” emerge to protect their investments. Think about what it takes for an ex senator to be content as a public university president. It takes money and power and that’s only UF.

This is a long winded comment that probably could have been simply stated as boomers love to wax poetic about things they did (protest, have ethics) while allowing the pursuit of money to crush ideals and the younger generations.

Peter Kurze's avatar

Teeing off from what you’ve written here 👍and also Caitlin Johnstone’s “I oppose the butchery in Gaza because I’m not a fucking psychopath.” I think what you say about healthy adult evolution is true. I think it’s also true that at the terminal stage of that process it gets harder to maintain an adaptable view of the world. I’m 73 and it’s certainly true for me. I try to bear this in mind when I think about people like Trump or Biden. Never a fan of either, both seem to be worse than they used to be. But my point is this: I think institutions are also subject to the kind of ossification that humans experience. I think we need to pay a lot more attention to the way social reproduction works at the institutional level. Nobody gets to be head of Goldman Saks by talking up workplace democratization and MMT. That power and influence will probably remain in the hands of people who think like the current incumbent forever. Same for the NYT and NYPD. I think bearing this in mind can help us make better political decisions as it will remind us that the earth belongs to the living and unborn.

Great essay dude.

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