Friday, August 14, 2020

Eric Weinstein Is Peter Thiel's Sugar Baby Public Intellectual...,


art-19 |  One of the pillars of the American Dream has been that of seeing your children go to college. And, for the many families that can't afford the cost of soaring university tuitions, a new controversial institution has arisen to address the problem. That institution is Sugar Baby University, a tuition assistance campaign that attempts to allow attractive young women, and a smaller number of handsome young men, find generous older men to date in the quest to complete a new version of the American Dream by graduating debt free in an era which has made it all but impossible to discharge student debt even in personal bankruptcy since 2005.

This year, Sugar Baby University is 'graduating' it's fifth class with thousands of alumni in its network that stretches from coast to coast and includes institutions of higher education from local community colleges to research universities and ivy league colleges. If you know many young graduates, the chances have been increasing that one of them has quietly matriculated in response to the crisis of crushing debt payments. Yet despite widespread awareness of the program on campuses by students and financial aid advisors via word of mouth, the world of Universities and mainstream media news outlets have tacitly given their approval to the campaign by remaining strangely silent as tuitions have continued to climb an unbelievable average of 8-9% per year.

In this episode we do not pass judgement on Sugar Baby University, it's parent company 'Seeking Arrangement' or it's spokesperson Kimberly De La Cruz, who is our guest. Rather, we celebrate their openness to discuss the situation, and question, instead, the universities, politicians, media, and the lending industry, who have quietly created the desperate need for this program which they do not openly discuss and prefer not to address at all.