Wednesday, 1 December 2004

World Record

Hong Kong will achieve a new world record in 2005: the largest ever demolition of new, unused buildings.
Seven residential blocks built two years ago were never inhabited. Developers will tear them down to make way for luxury flats which will net about HK$6 billion in profits.
-Daily BWG

How does Hong Kong get to such situation? This is a separation issue. Developers' avarice aside, the courage and risk-bearing attitude is unmatched.

Most educational institutes are publicly funded. If an educational institute needs to take similar drastic action, whose interest should be served?

Some of my reflective questions (white on white, highlight to cheat)
Who are the "shareholders" of higher education?
Will "CEO" of any education institute be willing to bite the bullet even if s/he is convinced that such a decision will serve the best interest of the "shareholders"? (i.e., can it be his/her own career-promoting decision?)
Are there any such "new, unused buildings" (metaphorically speaking) which need tearing down in today's education institutions to generate even better profit for the "shareholders"? What are they, if any?

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