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I can certainly believe this given that grade inflation generally has become laughably obvious.
The issue is though that what he calls "The New Left" are actually not left wing at all beyond social issues, there generally right wing strong supporters of neoliberial capitalism who carry on a low taxation environment for the ultra rich. This obviously explains why grade inflation exists under both the right and the "new left", both of them limit public investment in education to carry on the low taxation environment and need a disguise to cover this.