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Originally Posted by Scucca  However, once we have class divides, those costs are virtually eliminated. It becomes "Stuff it, I will go to university and daddy will help pay for it". More and more education resources are destroyed by that process. The support of intergenerational divides, rather than a human capital role, dominates expenditure |
Class divides are a function of freedom, not a function of a broken or flawed system. One must be free to fail, be free to waste money, and free to differentiate themslves on something as shallow as wealth, to have a free and prosperous culture. If you believe class divide is a problem, you ultimately believe in restricting individual choices ( a lot of them).
If you believe someone being free to waste their own money is the problem, then you have a problem with giving people freedom to make their own financial choices. This also has nothing to do with waste in the education system as an indicator the "system" isn't functioning.
Those rich/powerful kids that "waste" their money, in effect invest in the educational department that will turn around and invest into students that really will make good use of it. So 20/30 harvard law graduates will not really capitalize on that educational investment, the 10 who will benefited from the investment of those 20 however, in that department (hiring of better professors, etc.) Call this free-market education? educational entrepreneurship?
Waste alone is not an indicator of a broken system. All systems should have waste, so simply looking for waste is not a reliable way to identify a flaw in a system. If the waste is used as incentivization for progress, and as a feedback mechanism, it may be maximally efficient depending on the system.
Look at failed ventures in a capitalistic market. Was money wasted? Yes. Was that money wasted as part of a system that maximizes efficiency? Yes.
The problem many of us (me included) fall into is identifying the ideal system for yourself. It must function in a free society ideally, not for 5% of the population ideally. That means for all those fools, and lazy people, and greedy people, and failures, and good people. Add them all, and which system returns the most.
-Mach