Thanks to universities opening up their content, and the creative commons licenses being adopted by a large number of people, we are seeing the “end of the priesthood”
The Priesthood is a term used to describe those who are privaledged enough to have access to a rarified knowledge that is not available to the common folk.
Now you can access most of this rarified information online.
And if you have enough time, and enough brains, become an expert in any field.
MIT has a wealth of coursework available online.
So if you can not afford the fees, can not relocate, or just don’t like Boston, you can get all the materials notes etc. from various courses [Game Theory for example]
This creates an interesting dilemma for employers.
Now the brightest and most highly skilled can have an MIT education without the certificate.
It effectively makes certificates and attendance meaningless.
Ability and experience are returned to their rightful place as the most important of personal assets.
Why is Open Knowledge such a great thing?
Because it means that more and more people get the knowledge they need to be creative and innovative.
This has a direct beneficial impact on the economy of a country.
Why do you think that Silicon Valley exists?
It is because there are a cluster of large universities nearby.
By using the distribution channel of the internet we are capable of spreading innovation to the furthest reaches.
The next Silicon Valley might be anywhere that has access to the internet.
The next Sergey Brin could easily be sitting at home reading MIT courseware on algoritms in a village somewhere in Eastern Europe.
And more innovation and competition is good for business.