But if the same money is taken by luring him into a scheme designed to cheat him off his money, it is not wrong!

Cheating is when an objective promise is not delivered.

For example if someone says that they will give you a Gun and 50 bullets, but they only give you a gun and 40 bullets, that’s an objective promise(of delivering 50 bullets) but they did not honor their promise.

IF someone says they will give you the best time of your life, now since there is no objective evaluation of best time of your life, it cannot be established whether someone delivered their promise to you. Therefore its not cheating. This is why contractual agreements never contain subjective definitions or abstract terms.

The various colleges only promise you a degree for your money provided you take all the designated courses, and maintain your GPA above a particular level. These are the Objectively verifiable terms of an agreement.

Now despite of graduating from the college you cannot get a job then its not College’s liability or responsibility, unless they promised to get you a job(like Reliance’s Engineering college promised 100% placements to their first batch).

If I come to you and convince you somehow that I have a pill which will make you feel not depressed and I wanna charge $1000 for it, if you choose to buy the pill and you still feel depressed after taking it, you don’t really have a major fraud case here. You can sue me, but all my lawyers will have to prove is that for some people it helps to reduce their depression upto some level.
Now if you give that pill to 1000 people and none of them say that they feel any less depressed than they were, then I will have to pay a settlement fee for fraud(lets say I gave you a sugar pill). But if sufficient number of people(the number to be decided by the Judge/Jury) say that they feel better you have no case.

Similarly, the colleges we are talking about maintain a curriculum, they have labs, facilities, trained faculties. These things may total fraud for you, but nobody is awarded a fraud case because they “think” they were defrauded. This is why advertisements are never sued unless they promise an objective goal and fail to deliver it. For example, a very famous case is back in 19th century in America some company printed an ad saying that their cold medicine will totally take away your cold or else you will get your money back. Now people asked for money and they refused to refund it, so they were taking in the court, and the guys said in their defense that “nobody is suppose to take the money back offer seriously”, but then court granted against that company saying that “its reasonably possible to believe that people might purchase your cold medicine totally believing that they will get their money back if their cold is not removed”.

So if an ad says “it will make you feel like heaven”, you cannot sue the company for not making you feel like heaven because nobody is suppose to believe that, although if the ad says “this dye will turn your hair into red”, and it does not then that’s a fraud.

Sorry to go into all these details but its really ridiculous to say that the colleges are defrauding their customers, when they clearly are delivering what they promised. “Quality education”. I went on to show with real world examples that there is no fraud here by any justice.

death due to suicide is better than being killed because the person in question has excercised that option by himself

Destination Infinity want to say that since everybody will die a day, since death is inevitable, therefore, Murders should be legal and considered righteous. Well that is what socialism and communism and altruism is, that is what cultism, religionism, or any form of collectivism is.

Since one day everyone has to die, so lets kill now, why let a man live happily FREELY?

No wonder, Hitler was National Socialist, Nazist, no wonder Stalin, Lenin were socialist, marxist, no wonder Mao, Che Guevara, Fidel Castro were communist, socialist, no wonder people are being killed in Nandigram, Haryana, Vidharbha, Kerala.

Now see second point. Who told you cheating is NOT wrong? Who will decide what is cheating? The man or you?
The man will decide it.
if a person gets cheated, he has freedom in free market to get justice, and only a free market can provide justice. Socialism never provided justice to anyone because socialism itself is unjust. You can consider the Satyam case itself. If free-market justice is applied, the corrupt wil be punished and the innocent wont be punished. In socialistic justice, everybody will be punished except the culprit.

cheating is crime, but it is not as big crime as Looting at gun point by violence coercion and force as the government do. Not only that, every sane person living in india with even a little knowledge about India knows pretty well, that the government and politicians not only loot at gun point, they cheat, they embezzle, they creates scams, they lures, they divide human and causes hatred in citizens, they create riots, they do every crime a collectivist will do.

Destination Infinity
 

There is nothing wrong with that, as long as they give quality education to make profits!

Correction, there is nothing wrong with that as long as they are not holding a gun on the head of their customers and demanding money. Because as far as I know, even if I wanna provide total junk education and charge very high fees for that, nobody is forced to pay me that fees.

The students are happy that they have got a high paying job for their investment in to the colleges, irrespective of what they have studied. The parents are also happy as they can now get their sons/daughters get married in rich families. The college is also happy because they have made good money in the name of giving substandard education.

Well if everyone is happy then why do you have a problem? You claim “the nation suffered”, really? How did it suffer? If the kids got placed into a company, and the company is satisfied with their performance that means there was a demand and it was fulfilled properly.
Has the nation really suffered because our Gene pool only allows us to have an average IQ of 110??
Has the nation really suffered because our girls are ugly and fat??
I mean you are inserting your own value scale on everyone else. Someone marrying a fat ugly girl is his choice, but its an abomination on your value scale. Well so what? The guy is happy, the girl is happy, their families are happy, but then you are going to say “our society suffers, because they are going to procreate ugly kids”.

I am not against making profits or maximum profits going to the most efficient. But in the process of making maximum profits, if we forget that the main purpose of having an education institute is to give quality education, then isin’t such a profit motive WRONG???

Its not wrong because you want everyone to do charity.
Isn’t the purpose of a baker to provide you with healthy food? Then why the hell he provides you with a fatty cake? Why does he not feed the poor? Why shouldn’t a wheat farmer give away his wheat production for free(after keeping the product he requires for himself and his family)??

The reason is that though a farmer can NOT MAKE PROFIT by only feeding his family and giving away everything else. The main reason is that if he did that, then for the next year he will not have any capital to make wheat. Therefore by producing wheat for profit he provides the people, with much more wheat and for a much longer period of time than compared to providing wheat for free out of sheer charity.

Similarly, with Education. By providing his education for profit they enabling providing education for a LOT MORE number of kids than they could have for free or for less profit.

Government might control the fees, but who controls the ‘donation’, which incidentally, is on a much higher scale!!

Correct me if I am wrong but as far as I know a Donation taken by a private institution is a voluntary amount of money received by the property owner, in exchange for allowing the usage of his property by the prospective user of the property.
So what’s the problem?

The IIT’s/ IIM’s/ IISC’s of India are run by the Govt. The universities are run by the Govt. And as far as I know, the private institutes are chosen only after these Govt. institutes are full. Even people who can pay enough for a private institute will anyday prefer the above ones. So, subsidization point is ruled out. 

Destination Infinity

Now, everyone is happy. The students are happy that they have got a high paying job for their investment in to the colleges, irrespective of what they have studied. The parents are also happy as they can now get their sons/daughters get married in rich families. The college is also happy because they have made good money in the name of giving substandard education. (All this is private mess, I remind you).  So everyone is happy, but the nation suffers because what ever has been invented has been invented abroad, and most of the products that we use are from the western countries, thereby passing on a lot of hard earned money to the MNC’s. The new technological processes comes from west, the majority of the patents are filed in the west etc etc. One of the main reasons for the above pathetic situation is the profit oriented business of the so called educationalists. I am not against making profits or maximum profits going to the most efficient. But in the process of making maximum profits, if we forget that the main purpose of having an education institute is to give quality education, then isin’t such a profit motive WRONG???

Destination Infinity

Stop reading propaganda literature.Speculation has nothing to do with the slump.Recessions are due to expansion of money and bank credit.

Those excessive speculations were not speculated by private companies, but the government proposed those excessive profits on certain speculations of the government controlled Fed works. Government did so to keep the excessive spendings on war and welfare works keep rolling on.

It is not fault of private profit oriented companies, the fault is of government interventionism.

I wonder if people have any idea what national debt American government  gains every year because of its extravagance, wars and welfare?
it will explain economic meltdown better–

http://www.reasonforliberty.com/reason/economic-meltdown-explained.html

by the way your example is right

I would like you to imagine if you were a manufacturer / owner of a public company, and kept working hard day & night to increase the company’s productivity. But some blue-suits in a downtown office hijacked your shares or even just traded on them, and earned on them, all without having contributed a penny’s worth to your manufacturing prowess…

That hijacker in blue suit is the government officer, representative of government interventionism!

I would like you to imagine if you were a manufacturer / owner of a public company, and kept working hard day & night to increase the company’s productivity. But some blue-suits in a downtown office hijacked your shares or even just traded on them, and earned on them, all without having contributed a penny’s worth to your manufacturing prowess…