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Originally Posted by Baraka_Guru
After that "boom!" where did all that wealth land? Was Edison unhurt?
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You confuse me? Are you saying that Edison in general and specifically the commercialization of electric light was not a major change in living standards in the world? Was this not a major and measurable incremental step in the creation of wealth in the world?
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It depends. How are the results gauged? There are inherent flaws across the board and worldwide with regard to how "performance" is gauged in school systems. It also depends on accessibility. It doesn't matter how much better and cost-efficient the private system is if few can afford it.
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There is real data regarding the costs and results of various education systems both public, private in the US and in other nations. some systems are clearly more efficient than others. If a system is inefficient, that condition may be true and have absolutely nothing to do with needing more money. My point is that simple. In my view, it seems so obviously true, I don't understand why there is a need to state it. Yet, here and in this country just asking the question regarding a school system improving through being more efficient without additional money comes across as if one is asking for the impossible. Or, it you ask the question, you are a mean person who doesn't like the "children!"
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Forgive me, but your questions are too generic and therefore not very thought-provoking. Also, did you use a real example, or was that made up?
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Do some of your own homework and find-out.
---------- Post added at 11:16 PM ---------- Previous post was at 10:58 PM ----------
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Originally Posted by Baraka_Guru
The irony here is painful. My comments are in response to your myopic view of economics.
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Can you be specific. I agree that I have some "myopic" views, including some on economics, but they all are not - and when I have a "myopic" view I will admit it. anyone who reads what I write can clearly see that I fully believe that there is a role for government and that government can do some things more efficiently than the private sector.
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The problem, ace, is that you credit holders and users of capital solely for "real wealth creation" whilst making the astounding and staggering error of assuming that by simply being a holder and user of capital that you can create wealth.
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I have never stated that, nor implied it.
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Wealth cannot create more wealth on its own. If you shoot a million dollars to the moon, 100 years later it will still be a million dollars.
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Again, I specifically say something like - there is a difference between wealth creators and those who get wealthy... - I emphasize that there are those who create real wealth...Etc, and in return you state "Wealth cannot create more wealth on its own" - well I don't even know what you wrote means! so perhaps your statement is correct, but it is not responsive to anything I have written here.
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You conveniently leave an integral part out of the equation and seem to assign a kind of mythology to entrepreneurs, as though they are the patron saints of wealth and dole it out by their good graces.
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I am being "myopic" when I say to me entrepreneurs are the patron saints of wealth creation. The truth is, people other than entrepreneurs can and do create wealth and history has many examples of that. for example in another post I mentioned the peanut. George Washington Carver, was an educator who developed scores of new uses for the peanut, as a result of his work wealth was created.
Secondly, entrepreneurs, don't do what they do out of "good graces", they do it for a profit. the motive for profit has been a net good for the human race. I understand that reasonable people can disagree on that.
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I'd take you more seriously if you'd demonstrate a sounder understanding of basic economics.
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You don't need to take me seriously. If you don't like my style, examples, questions or whatever, who cares? It is the economic theory behind my posts that matters. If I distract you from that, it seems to me, as they say, its a you problem, not a me problem.