Academia – The Great Fraud?

If we look at the world leaders, nobody has a degree in leading a nation. Most are lawyers. Even if we look at Christine LaGarde, she too is a lawyer running around threatening nations to give up foreigners or they will be banish from the world club while she sits in the Troika dictating the future of Europeans politically and economically, yet she again has no degree in what she is doing.
The question that rises to the surface is clearly what good is a degree when you cannot get one to be a world leader, politician, hedge fund manager, portfolio manager, or just about anything other than a doctor, lawyer or a civil engineer?
Geniuses typically clash with their teachers because teachers do not encourage original thought as several studies have shown. Teachers want kids who obey and follow orders. Winston Churchill was terrible in school yet without him Hitler would have died in a retirement home. Albert Einstein’s teacher famously decreed he would amount to nothing. Here is what Gandhi had to put up with:
When Mahatma Gandhi was studying law at the University College of London, a professor, whose last name was Peters, disliked him intensely and always displayed animosity him.
Also, because Gandhi never lowered his head when addressing him as he expected, there were always ‘arguments’ and confrontations.

This post was published at Armstrong Economics on October 5, 2014.