The university system, in general, seems to have an agenda. They want to steer the masses in a certain direction and it's not good. What I laid out was a possible solution to the end of corporate dictatorship. With all due respect, you seem to accept the dictatorship as a normal part of life. The university system is of the system and people are waking up to it by not attending.
You give a credence to what I say by awakening there is an authoritative unit that authorizes the credibility of a school but I assume that you assume it's benign and there for the general good. If what I assume is correct, then I disagree with it. No one hold a monopoly on knowledge.
RE: What will become of the economy if colleges fail?