In Spain it is already the case that the "added value" of a private University education is not a higher academic standard, but access to a "job bourse" at the end of the degree, or an internship during the degree leading to a job afterwards. Public universities, by and large, lack this.

The same is true of Master's degrees: in most cases the point is not to receive an education but to access an internship or job with one of the firms sponsoring the program.

If you have any appreciation for education or knowledge, or believe in universal access to education or equality of opportunity, the system is already repugnant.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010