Quote from rzetlin;898092:
Poor people still have to pay for private schools regardless whatever low prices they offer.
Compared to public schools where poor people have to pay $0 to enroll their students in the classroom.
Do you actually think that public school is free? Take a look at your property taxes and see if it comes out to $0.
So the future will be students who don't have an education because they cannot pay for it or students who have the money to get whatever they can.
Formal schooling =/= education
A trip to the public library will more than make up for "bad" schools. Wanna learn astronomy, then go to the library and check out all the books on astronomy.
As for the free market as the solution to the problem - how well did that work for the American banks when they failed and ended up crying for Uncle Sam for money?
I have never supported the banker bail out, and I would not support a private school bail out either.
Because that will happen to private schools - there will be only a few dominant schools to teach the millions of students.
If in fact we have a free market, and if in fact we end up with a few dominant schools, then all that means is that those schools are the best competitors, and that they provide the best services at the best prices.
Despite what people think, being a corporation does not make you effective and lean.
Indeed corporations that receive exclusive government help (subsidies, bail outs, monopoly grants, etc.) have no need to be effective and lean. In a free market without government assistance however, businesses that are not effective go out of business
The whole point of a corporation is to maximize shareholders value by any means necessary.
Increase in share value is based on increase in productivity.
This means firing teachers and using less supplies to try to make a profit.
Fewer supplies and teachers means lower quality education which leads to lower enrollment rates which leads to lower profits.
If they don't make a profit, these corporations will end up like the banks - crying to Uncle Sam for money because they will simply be too large to fail.
Once again, I do not approve of Uncle Sam handing out tax dollars to corporations.