Universities kernel of great Australian collapse

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In my experience, there is nothing worse than an academic with a business vision. The academic has neither the real-world nous nor the thick skin to withstand the temptations of greed and dealmaking.

There is no better example than the parlous state of the Australian tertiary sector.

It has become the kernel of the great Australian collapse.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.