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>>>> Imagine if we lived in a society where public school didn't exist. >>> This assumes the market wouldn't self correct and private schools became the norm.
by ardy42 6y ago
>>>> Imagine if we lived in a society where public school didn't exist.
>>> This assumes the market wouldn't self correct and private schools became the norm.
> What about poor people? I think there are 60 million of those in the US.
The invisible hand would decide, in its infinite and sublime wisdom, that society is better off if they get no education....which is as clear an illustration as any of what market failure is.
- da_big_ghey 6y agoPublic schools not existing does not imply that poor people would have to pay tuition or remain uneducated. State governments could easily provide tuition assistance, likely means-tested, to alleviate this issue.