This raises some good issues but does ramble. Coming from a country where tertiary education is more accessible and cheaper, there is decent free healthcare an

This raises some good issues but does ramble. Coming from a country where tertiary education is more accessible and cheaper, there is decent free healthcare and more social welfare, all of which give more people the option of higher education, what ends up happening is people go to University too much. Universities have undergone a huge explosion in headcount and footprint. As publicly funded institutions, they have funded this expansion with a kind of Ponzi scheme where more and more full fee paying international students are required to sustain the machine. At the same time there has been a lot of training institutes and vocational colleges popping up, some with dubious quality and intent. The stimulus for this seems to be that young people can't get enough quality work, and so they try and educate themselves. They can do this partly because of the largesse of their boomer parents. This effect is happening at all levels, including fields where lots of education is already required, like medicine, law and engineering. So I would agree that pumping education is not a panacea. It is starting to feel almost exploitative around here (Australia). Weddings, healthcare and education are surefire ways to extract money from people even when the economy is in a slump. At least you get cake at a wedding.