Universities in other first-world countries also have bloated administrations, libraries filled with journals/magazines that no one reads, and tenure. However, they do not have the affordability problem that universities have in the US, so those things must not be the cause.
The real difference is government funding for universities. No country in the world has made higher education affordable to the masses without high levels of government funding -- the US used to do this and stopped, with predictable results.
The real difference is government funding for universities. No country in the world has made higher education affordable to the masses without high levels of government funding -- the US used to do this and stopped, with predictable results.