"The key is accreditation. As long as the credentials (degrees) are recognized by employers, then university will have market value. "

University degrees will lose their semi-monopolistic value as means of accrediting knowledge appear, and they will appear, in a knowledge economy.

One day, in a near future, employer's will have access to powerful assessment tools and services that will let the employer comprehensively assess potential employee knowledge at a very low cost. I doubt that the university degrees will have the same value when that happens.

Accreditation is a gold mine for entrepreneurs.

Gilbert