What is the Role of Universities in Modern Society?

Nicholas Capaldi shares his insight regarding the educational systems applied in universities nowadays. He believes the old system, in which students had to live separated from the real world, did more harm than good, and calls for the implementation of a more modern system. Capaldi mentions that universities should be led as free market enterprises, in which competition becomes spontaneous and new technology is used, in order to provide a better service. Finally, he refers to Universidad Francisco Marroquín as an example as to how a university should be held in today's world.