Earlier quoted context omitted.
When you're in a good class with other smart people, you get to see their brains in action. You end up talking about interesting things with the classmates you like, and who like you. This is the foundation of a genuine intellectual network. It is difficult to obtain this seed network in any other way, except perhaps by email in a hopping open source project, or by getting into an interesting clique like Y Combinator…
True—I think I just have a problem with the fact that the University is the one in control of it. If, instead, the social network was the core organization and free to join, and the students rented out/purchased the buildings and equipment, and hired the lecturers and administrative staff, I can imagine it costing a might bit less and having a much tighter feedback loop in instructor, student, and course quality. (Pl…
Students generally don't have any money. Even if those same students put all the money into your new group idea, there would need to be some form of central administration that manages all of the hiring, courses, etc. Also, it's not really free to join if the students need to rent the buildings, equipment, and lecturers (and wouldn't be fair to the ones that pay if it was).