Ages ago, the world was thought to be flat. Then "scientists" showed it was round.

Then economists showed it is flat once again [The World Is Flat: A Brief History of the Twenty-First Century by Thomas Friedman].

But now it has shrunk to a flat screen computer.

In June, edX completed its first MIT course, 6.002x Circuits and Electronics, a sophomore level course as rigorous as the MIT on-campus one, according to Mr. Agarwal, who taught it himself with a team of seven others.  He says students from 160 countries were represented in the online course. India accounted for the second-largest number of enrollees, with approximately 20,000, while the most – about 60,000 – came from the U.S. [Source]

I wrote about edX here. More is to come.

Universities and educational institutions across the world will need to rapidly restructure now.

Their time is rapidly running out. They're going to lose students, as students switch to cost effective, highly quality alternatives. 

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7. The massive cost our generation is paying for computer use!
8. Socialist USA: lessons for the world
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10. Macaulay’s vision: Transitioning India from the Old World to the New World