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Originally Posted by American  The problem with the current system is that it violates both theories by providing poor measures of aptitude while imparting questionable skills. |
What are you using to support that premise?
In terms of the human capital model, the US does have a successful PhD system that ensures a dominate role in research. In terms of the screening hypothesis, other countries have a higher proportion of youngsters investing in tertiary education. Further, the use of fees ensures controls over the ability of the individual to invest.