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That's only valid if you see university as purely vocational training.

No, I think university fails in numerous areas and business is the strongest remaining one - in effect its ties to certificates that industry might value is what university has left. Few would be able to justify to themselves going there otherwise.

If you want a well rounded general education, you're - by and large - best off providing it for yourself if you don't need someone to stick a rubber stamp on it for you.

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