Abstract
The following paper outlines some of the crucial aspects of education as well as changes in the institutional environment that are shaping with the rise of global capitalism. It is argued that the main purpose of education is to democratise the minds of students and help them become responsible and sensitive social beings. But the dominant market paradigm has subverted and co-opted education for its own benefits. The paper situates the education market in the political economy of capitalism and it is argued that the intensification of capitalism inevitably leads to such situations where education and consequently humanity becomes a commodity-a distinct and alienated form of capital. In the end the wider implications of such commodification for the democratic values and the future of the society are discussed.
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