The Dark Side of Innovation: A Cautionary Tale from Canberra's Cybernetics School The Australian National University's (ANU) School of Cybernetics has been touted as a revolutionary program, combining engineering and design thinking to tackle complex problems.
However, beneath its ambitious curriculum lies a tale of financial mismanagement, high dropout rates, and lavish subsidies for students.
Compared with other ANU programs, the numbers paint a stark picture: while the School of Computing brought in $60 million in revenue and generated a profit margin of $15,000 per student, the Cybernetics program hemorrhaged money to the tune of $228,000 per student.