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A so-called university sold an MBA degree for thousands of pounds with no academic work required, a BBC Newsnight investigation has revealed.

The American University of London (AUOL) awarded a fictitious person created by the programme a Master's in Business in exchange for a £4,500 fee.

"not a bogus university" and defended the robustness of the qualifications it offers.

Len Kendall, co-founder of the new micro-payments platform, reckons the problem isn’t so much that people don’t want to pay for things, but that they forget, it’s too much hassle, and the amounts involved are too big. CentUp, as the name suggests, deals in pennies. To give a few cents to your favorite blogger, all you do is click a little button and send the amount from a pre-charged account.

The contribution in itself isn’t great, but the collective amount could be. "We’re trying to increase the volume of giving by lowering the amount itself,"

There are billions of things being shared every day, and we thought: 'How can we take advantage of this very low investment action, and do something with it to help the world."

What the Bay Area-based cartoonist recognizes, he says, is the careful art behind Trump’s rhetorical techniques.

Adams believes Trump will win because he’s “a master persuader.”

His stated credentials in this arena, says Adams — who holds an MBA from UC Berkeley — largely involve being a certified hypnotist and, as a writer and business author, an eternal student in the techniques of persuasive rhetoric.

There used to be a bipartisan consensus in favor of tough antitrust enforcement. During the Reagan years, however, antitrust policy went into eclipse, and ever since measures of monopoly power, like the extent to which sales in any given industry are concentrated in the hands of a few big companies, have been rising fast.

, it became common to assert that the world had changed in ways that made all those old-fashioned concerns about monopoly irrelevant. Aren’t we living in an era of global competition? Doesn’t the creative destruction of new technology constantly tear down old industry giants and create new ones?

The truth, however, is that many goods and especially services aren’t subject to international competition: New Jersey families can’t subscribe to Korean broadband.

If he could do all over again, he said, he wouldn’t choose a school in the U.S.

“It was really, really difficult,” said Mr. Asif, who sent out more than 1,000 job applications in recent months and said he repeatedly got the message in interviews with companies and from job postings that his lack of permanent work authorization was a hurdle. “If I could go back, I would choose another country which offers more stability.”

The tougher hiring climate for foreign workers is having, in turn, a chilling effect on international applications to U.S. universities. For the first time in over a decade, foreign applications to two-year M.B.A. programs were down last year at the vast majority of U.S. schools, and fell 5.8% nationwide, according to GMAC.

that does not require society to ignore the trouble that befalls individuals as the economy changes around them. In 1776, Adam Smith, the prophet of classical liberalism, famously praised open competition in his book The Wealth of Nations. But there was more to Smith’s economic and moral thinking. An earlier treatise, The Theory of Moral Sentiments, called for “mutual sympathy”—what we today would describe as empathy.

A modern version of Smith’s ideas would suggest that government should play a specific role in a capitalist society—a role centered on boosting America’s productive potential (by building and maintaining broad infrastructure to support an open economy) and on advancing opportunity (by pushing not just competition but also the ability of individual citizens and communities to compete as change occurs).

The U.S. government’s failure to play such a role is one thing some M.B.A. students cite when I press them on their misgivings about capitalism. Promoting higher average incomes alone isn’t enough. A lack of “mutual sympathy” for people whose career and community have been disrupted undermines social support for economic openness, innovation, and even the capitalist economic system itself.