3 ms·
There is a huge cultural problem and the teachers and MBS scandals are just the tip of the iceberg. When it is acceptable that results count no matter what the
by heisenbit 12y ago
There is a huge cultural problem and the teachers and MBS scandals are just the tip of the iceberg.
When it is acceptable that results count no matter what the means.
When it is acceptable that results are measured by a single number.
When conflicts of interest are ignored by regulators
Then you get:
- inflated grades
- inflated assessments of property values
but also:
- inflated arrests by policeman chasing quotas instead of helping citizens (in other parts of the world police are reluctant to arrest people due to dislike of paperwork)
- inflated claims by prosecutors turning a blind eye to weak evidence (in other parts of the world prosecutors don't fear for their own job)
- inflated money printing
- inflated tech stock valuations
- prolonged ignorance of default risks
- HFT
Markets work but there is such a thing as externalized costs. Regulators have a duty to monitor and step in when the line is overstepped. If they don't the benefits accrue to the powerful who cheat and the cost are born by the powerless.
It is a good thing that the "regulator" stepped in and stopped the teachers grade inflation.
However the way the regulator did this here is another example of single minded black and white thinking. Just because the grade inflation problem is bad it does not mean one can fix it with a single blow of a heavy hammer. Fear of rare random enforcement actions will only intimidate the people but won't stop further crimes.
Hard real life problems need well planned, consistently implemented and balanced measures.