When you start eating your seed corn, you're screwed, or so the old story goes.
So, in a high-tech, information-age, knowledge economy, what happens when your elite universities are slipping into an economic death-spiral and refuse to face up to the fact?
This is a major, if understated, new development in the slow unwinding of America. If they don't figure it out, but quick, there is no good end to this story.
North America has, frankly, been suffering from a lack of investment in knowledge for quite some time, and this is only going to exacerbate it.
If it's not addressed, it's only going to be a matter of time before the exciting new breakthroughs begin emanating from China and India, not Europe and North America.
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