edX's Anant Agarwal explaining MOOC's on the Colbert Report [Video]

“I don’t understand. You’re in the knowledge business in a university. Let’s say I had a shoe store, ok, and then I hired you to work at my shoe store. And you said, ‘Hey, I’ve got a great idea! Let’s give the shoes away for free.’ I would fire you and then probably throw shoes at your head.” In other words, why would universities disrupt themselves and give education away at no cost?  Watch Anant Agarwal explains to Colbert