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Originally Posted by Mach  If you believe class divide is a problem, you ultimately believe in restricting individual choices ( a lot of them). |
I don't see the artificial restriction of intergenerational mobility as a case of "individual choice". I certainly don't see the attack against merit as a celebration of human capital.
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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.
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Their own? That isn't accurate. They're making choices for their sprogs such that education returns are harmed. I can understand it of course. Whilst it may be a rational course for them, it is to the detriment of us all as tertiary education fails to achieve its primary human capital aim.
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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.
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It actually leads to reduction in education standards. Certification has to be fed, particularly with the high fees demanded by education establishment
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Waste alone is not an indicator of a broken system.
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We're not talking inefficiency here, we're talking of the destruction of potential.