Education Bubbles
Most nations spend more on what they call “education” than needed. Today, a huge educational structure exists in all modern nations. We find disparate groups involved. There are, of course, teachers and aides. And, there are principals, assistant principals, superintendents, assistant superintendents. Janitors, bus drivers, bus manufacturers, books, book publishers, gyms, coaches, playing fields, bands, instruments and their makers, are the tip of the Education Iceberg.
…are Bursting
Once, the roads were filled with people carrying goods. They were replaced by beasts of burden, followed by the more efficient wagons and the animals that pulled them. Transportation then went to canals. Then, railroad trains began moving people and goods more cheaply than ever before.
One wagon could carry as much as a hundred pedestrians. One train could carry as much as a thousand wagons. The number of people needed to actually do the moving was reduced.
Today, there are millions of teachers. In every field, there are a dozen or so “super-teachers”. Computers can make the very best teachers available to every student far more cheaply than the millions of teachers now working so ineffectually in expensive brick and mortar buildings.
The Education Bubbles are bursting. The sooner they burst, the less pain will be inflicted on those living in, and on, the collapsing bubbles within the larger bubble.
