The promise was simple, but the idea couldn’t have been bigger.

[caption id="attachment_61043" align="alignleft" width="150"]udacity-mooc Udacity founder called the company's courses a 'lousy product.'[/caption]

Massive open online courses (MOOCs) would make courses from Harvard and MIT available free to anyone with an internet connection.

The world’s poor would finally have access to the same education as American ivy league students, while traditional fee paying higher education would go the way of relics like CDs and sailing ships.

Massive open online education provider Udacity was one of those promising such change. In the past,...

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