I like this at the end of Bady’s post:

“Such things are better than nothing. But “nothing” only seems like the relevant point of comparison if we pretend that public higher education doesn’t exist. And if we ignore the fact that we are actively choosing to let it cease to exist.”

Shirky is presenting political choices as if they are inevitable economic consequences, however education is only a market to the extent that policy makers choose to construct it as a market.

So his vision may very well come true, but only if we allow politicians to choose that future for us.