Friday, September 16, 2011

Inequality as a consequence of education?

Forbes: If you want less inequality, stop subsidizing public schools and universities.
In fact the much discussed increasing inequality in the U.S. and other Western countries may be, in part, explained exactly by the fact that governments subsidize so extensively high-schools and universities.  After all, the best and brightest benefit disproportionately from these subsidies.
If someone is not thrilled about math and the sciences, but is excited to repair cars, and would like to open a garage, the government doesn’t offer him a $50,000 to $100,000 subsidy.  Yet the bright kid gets just such subsidy – and more – when studying math, engineering, biology, or medicine.  Guess what?  Inequality will increase and the distribution of wealth becomes more skewed.  Add to this the fact that lower skilled employees and even the mediocre ones face increasing amounts of competition from the rest of the world, and the much decried inequality becomes even more pronounced.
One can easily see that education is a government monopoly, with all of the evils of both monopoly and government control.

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