Pakistan, Jan. 16 -- Ethos of Neoliberalism, propounded by scholars like Hayek, Friedman and Buchanan and associated with the economic policies of Thatcher in England and Regan in the USA, advocated that earning profit through competitive marketing of goods and ideas is the very ethics of capitalistic philosophy.
This ethos furthered itself in almost every institution and the social fabric, necessarily resulting in earning money through selling education. This happened exactly against the spirit of education for all the responsibility of the state. Consequently, a large number of private educational institutions were established and converted into profit machines and huge dividends from the investment. This happened especially in universit...