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From: SatanTheMiner
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  • The market as a solution strikes me as an extremely narrow view of reality. I would argue education sucks due to the current philosophy of education ie standardized testing, not the system in and of itself. Like any system, improvements occur when it is challenged, and parents have long since given up this responsibility.

  • @rhth79, The system in and of itself, as managed by bureaucrats, seeks to standardize all aspects of society in order to make it more manageable. The advent of standardized testing in a centrally controlled system of education should be expected. There is no market in education, particularly secondary schooling. Therefore, the consumers have little power to challenge this monopoly. They are forced to fund its exorbitant demands even if they place their children elsewhere.

  • @mariasman100 I agree education should not be centrally controlled but I think it should be managed on a more local level where people are more directly involved in the process, and I don't think the market place is the solution to the problem. I'd prefer education to be about educating only and not have any influences such as profit or standardizing the process playing a role in it at all. Both of these influences tend to rationalize decision making when they are part of the process.

  • @rhth79, A free market can be decribed as the absence of central control. Therefore, a move to lessen the central control of education is synonymous with embracing free market principles. Perhaps you're not quite so opposed to market solutions as you currently perceive. I've noticed that many who oppose "capitalism" have little understanding of it beyond the caricature popularized by so-called "Leftists". Many are simply opposed to much of what wrongfully passes as "capitalism" today.

  • One of the students in the video looked like Salma Hayek at 1:14. However I enjoyed all of Freidman's documentaries. We don't have such economists in this day and age. Huh! the good old times.

  • "throw out something that is very very good"

    based on what you moron?

    haha, that federation of teachers guy is soo stupid

  • dudes got that michael jackson aboutface lol

  • 7:53 turn around LIKE A BOSS

  • I like how he gets up and walks away like a badass

  • I can't believe in 2010 we still having the same problems and worst.

  • @omt07 it's called communism!!! yay!!

  • to be honest, friedman, middle and upper class pay more tax than poor. So saying they are being subsidized by the poor to go to college is very misleading. And who's to say that there aren't student who arn't able to compete at a private school?

  • i find it funny how white people only make up 15% of the world pop but yet we control everything,y? because of higher brain power i.q.'s & self control unlike the unwanted,unneeded chincs,japs,arabs,south/centra­l americans,monkeys,spics,island­ers,indians.

    go away already & die so whitey can live in peace already without you worthless pieces of shit!!!!

  • @rrrjjjmmm100 ah and you have shown yourself to be a fine example of an upstanding person of this world. you will soon realize that the powers that control the world...the central banks of the world...care not about your "superior" white race but about money only. money has no color to them. isnt it funny though, how china is becoming the economic superpower of the world? while america with our current and past president have been going in the opposite direction. nice logic to your thinking....

  • @rrrjjjmmm100 as an european, white and educated, i take serious offence at your comment. you must be very ignorant to not know that firstly the 'centre of the world' invariably moves, and that we simply need one another. at the moment we are the pinacle but we are here by learning from other people first.

    as a christian, i tell you, God created us all and is not a respected of men. God simply loves diversity, and all of us share the same father and mother.

  • "When people pay for what they get they value what they get" Nice.

  • Comment removed

  • each lecture costs 35 dollars? wow, i wish i went to school back then wen u din't expect to have to pay 6 figures for a sub par education

  • Yeah, because th govt guarentees the money for loans, the unis can jack up the prices and still get paid for a crap education.

  • Private schools do have benefits, but they are still regulated by rules and standards.

  • Which should be eliminated.

  • cpblackangel88: Damn right!! My high school Aliso Niguel should be first!!

  • I know the public school system is a disaster,because kids don't like how they have no control and there forced to take classes and test they don't like. If a 13 year old said I want to be a doctor. His parents should be able to opt him out of the public school system and get him a private tooter with maybe a few other kids. And all they teach is medicine and how to become a doctor and get into a good medical school and college. We'll have better doctors and happier kids.

  • cpblackangel88:

    Yeah...education should be a exciting service, not a force.... Take a look at me... I wanted to investing and urban design for years...and should be in a school that trains and teaches fields that relate to those goals.... EARLIER!!

    Public schools are not about helping people, it is about control and lazy work for administrators and unions!!

  • That's why I hate the public school system. They teach kids nothing besides stuff there not interested in. I'm 15 great in history class where I have a 98% average. In Earth Science and Latin where I'm not interested,but forced to take I'm a 78%. Also the board of education in NY makes it so schools that teach what your interested in. And the private schools where I go suck,because not enough kids can afford to go there.

  • @Cyrus992 Look at the UC and CSU Systems in CA I live in CA and we see that the public University system are not about helping people, it is about control and lazy work for administrators and unions!!

    Look we hear that the Administrators and Unions at UC's and CSU's are yelling " Give us More Money" just like the Superintendents at the Public School Districts in California are doing. Wow Milton Friedman and John Stossel nailed it. John Stossel Should do a follow up on Stupid in America.

  • @Cyrus992 Stossel should Do Stupid in America the state of our Colleges and University Edition.

  • That's mostly fine, but I will say there is necessary education (at least defined by the AMA) that isn't medical that accompanies an undergrad degree of, say, bio or chem. I don't believe specialization is necessarily the answer. Freedom will decide the level of specialization.

  • @SuaveSavant I don't either yet I feel if a kid is only interested in one thing and he'll fail everything not with that I think he should.

  • we have a huge problem in the UK England in education.

    we have too many students that cannot read and write properly.

    the education system in the UK is poor.

  • Yea we should make poor people pay for their education.

  • No one is saying that.

  • The thing about the lecture costing $ 35 sounds like the sunk cost fallacy to me, noble though it is.

  • Uhhh,... what's to be happy about with all the crap that Freimanism and Reaganomics lead us to today? Besides, I'm not angry I just left to where my skills are appreciated and have more market value than in the Corporations of America.

  • When Ronald Reagan took office, the top marginal tax rate was 70%. The total take in tax revenue to the government in 1981 was about $480 billion. Now, in 1989, when Reagan left office, the top marginal tax rate had been reduced from 70% to 28%. The take to the Treasury almost doubled. It was $950 billion.

  • So reducing marginal tax rates from 70% to 28% doubled Treasury receipts. Now, how did this happen? It happened because it created more taxpayers. It created more jobs by reducing the top marginal rate on people

  • You seem to be confused with conservatives, the GOP, and Libertarians. Libertarians believe absolute limited government. Conservatives believe in greater military force, and Liberals believe in public spending. Both are focused on principle and not fact. Don't confuse Friedman with a Conservative because you would be wrong. Tell me the difference between opression of the market to "prevent failure of education" and oppression of individuals to "prevent global terrorism." Both are meant to scare.

  • Well, it seems to me that the people who worship Friedmansim and the capitalist system are now being serfs to their own system. Either way, big business or big Govt is going to have similar effects on society. Both can be ineffective and corrupt when operated by ineffective and dishonest people.

  • It's not worship of Friedman, it's worship of a very natural aspect of social science, it's called the free market.

    Please indicate ONE idea that capitalism fails to accomplish; besides big government.

  • I would rather worship a natural power, unassociated towards human error, completely unbiased towards any race, culture and so on than worship a person who ultimately have their own goals in mind.

  • Not true. As long as business is competitive it's better than government and it has to stay good or else people will just go to the other company.

  • Certain things should be left private, however, i think Friedmans short coming is that there are many good workers and students who are not competitive. Many good workers want to put in their 8 hours and then get the hell out of their place of work. Many good students are astute enough to learn from past mistake and try not to re-create the wheel constantly. Something that desperately needs to be done now.

  • Well public schools should be made just to give people job skills. Yet if a kid or parent wants more success in life. They should be left to do this.

  • What are you saying? Maybe your short coming is defining "education" so rigidly. The market proportions service with demand. If you want only a little education, a little education is what you get. If you want a lot of education in the range of 4 years and you have the funds, you'll get that. What's the problem?

  • i couldn't agree more with milton this stand's true today. kids are more focused on the socical than the education. and people who work for a living have to foot these peoples bill!

  • I live in italy and here nothing runs as it should. That being said, kids here get to choose what school they want to attend based on what they want to study. Even if the conditions here are questionable, at least the kids have a choice. And this is a govt. system. No vouchers needed here. What is needed is a govt. with a stronger emphasis on social services than competition.

  • The basic issue is about choice. Choice leads to accountability. Imagine the power of a parent if he can move his child from one school to another.  The teachers and administrators who work at all schools would be forced to make changes that would improve their schools. Right now there are no consequences for failure and that's the problem. Giving parents choice would impose consequences on failing schools to either improve or fail!

  • Well,..yes. There's nothing wrong with what you say, but again, the same thing happens here in Europe with a public system. There are private schools here in Italy but to my suprize, the majority of kids to attend are kids with mild to sever social problems, not just for rich kids.

  • Aleowiciuos, apparently you're under the impression that others should pay for your personal choices of having children. You say running it as a business is wrong but then point that there is no proof - so you basically have contempt prior to knowledge and investigation. Clearly a product of government schooling.

  • How the heck are vouchers going to help kids and families in northern Montana? .... or any rural area?

  • Vouchers could be used to fund a co-operative school where the shareholders, mostly parents, can vote on matters of that school, much like school boards used to be. Since school vouchers are funded by general revenue you do not have land taxes which for farmers are very high relative to income, this is a problem if school boards are responsible to neither parents nor municipal governments who collect mill rates.

    To be fair I am in Saskatchewan not Montana.

  • A business is run to provide a service or to produce a product. Running a school is neither. Schools serve to prepare youngsters to enter the workforce. To run a school like a business is wrong and there is no proof that it works. Friedman is wrong.

  • yeah just go ahead and ignore all the evidence presented in the video.

  • "A business is run to provide a service or to produce a product. Running a school is neither."

    Perhaps your schools do not, but the schools I am familiar with provide the service of education.

  • Yes, a service that produces no revenue. It's best that teachers and administrators are left to focus on providing a quality education rather than having and objective of running a school for a profit.

  • "It's best that teachers and administrators are left to focus on providing a quality education rather than having and objective of running a school for a profit."

    Why do you divorce the two? If parents decide on which school to send their kid to on the basis of the quality of education they will receive there, then it becomes in the school's fiscal interest to provide a quality education. If the school provides a low quality service, parents will take their business elsewhere.

  • Fact is, no matter what, markets always make a product better.

  • The only thing our govt. cares about is imperialism through violence. That being said, our weaponry is state of the art. Just imagine if it was in our nations interest to educate our population. Our schools would kick ass.

  • So your argument is we don't spend enough money or put enough of an emphasis into our schools? Tell me how much is enough?

  • Honestly, I don't know. However, a good indicator that the govt. is spending enough on education will be when schools have enough money for computers and the military has to have a car wash or a bake sale to buy new fighter jets.

  • It hurts me to see so many people angry at our country.

  • "Just imagine if it was in our nations interest to educate our population. Our schools would kick ass."

    Oh? What about Medicare, Medicaid, Social Security, and the War on Poverty? Those government beauties haven't been going so well have they??

  • No, they haven't been going well because past Republican administrations have been stealing out of these very programs to finance paramilitary death squads and the construction of military bases around the world for "our nations interests"

  • Oh please, you are an ignorant socialist. Ignorant meaning not-knowing. You have believed the propaganda! Blame the republicans. Look at America from an economic standpoint. Under EVERY republican administration government has gotten smaller, the national defense is stronger, and the economy is stronger. It is only when the immoral, socialist, democrats get in charge that the country has almost been destroyed.

  • asfinctersayswat?

  • If we were still 8 years old I might be impressed with your Wayne's World Trivial knowledge.

  • Ultimately, you are sacrificing your freedom, ether way, for the state to have more power. You are voluntarily making yourself a surf, a simple peon, by worshiping the state. This is not to say the state is evil, it's only, at best, a necessary evil.

    Governments should be designed in a way to simply protect its market - not to get "in its business."

    (pun, haha)

  • It is spelled "serf', not 'surf'.

  • Regina Barreca 0:32 I just discovered became a Professor in English. Here's what I found....

    Dr. Barreca received her B.A from Dartmouth College, her M.A from New Hall, Cambridge University and her Ph.D. from City University of New York.

  • THis is a great video and Milton Friedman is a even greater man.

  • "People just dont care enough about k-12 to change schools anyway. even with the voucher. kids and their parents dont have the means to move to change schools."

    Well, ISN"T THAT a self-fulfilling prophecy.

  • main reason why education is so expensive is because of government.

    not to mention, poorer people would have more money for educating their children without crushing taxes.

  • @klined kinda messed up. damn bureaucrats making tuition go up!

  • @sniped101 Look at the UC and CSU system people are complaining that tuition is going up and the education quality is going down and that money supposed to be spent on teachers are being diverted to the Administration in the CSU and UC systems. I Believe in the future that Private colleges in Ca will be more cheaper than UC and CSU because the current tuition rates at UC and CSU is going at 105%. Unless the UC and CSU are converted to Charter universities.

  • let's also not forget the government has to get that money from somewhere. and guess who!

  • government has the power to coerce but not necessarily create a utopia, generally speaking government can do things more efficiently than any government bureaucrat can.

  • Market isnt perfect, the market is a good enviroment that helps solve problems and gives the 'consumer' (in this case parent and student) the best quality 'product' (education) they can get.

  • Well thats how I see it! Im still learning.

  • The observation that the market isn't perfect is central to the argument. But it's important to recognize also that no system can be perfect. The market process, however, will tend toward improvement because it enables a process of discovery that a centrally controlled system cannot achieve. We don't know what good education is or how good it can be because we're not allowed to find out... and make no mistake, the only way to find out is through trial and error (competition).

  • @mariasman100 Enabling a 'process of discovery' can be achieved by challenging and making changes to any centrally controlled system. Why introduce a market that we think will 'tend' towards this rather than directly affect the system and apply what is now known and what constitutes 'good' education? This whole idea seems like a blind faith in capitalism and the idea that markets can fix all social problems, when it's this very approach that leads to many social problems.

  • @rhth79, There are no incentives for bureaucrats to challenge and make changes to a centrally controlled system. Only a system that rewards success and penalizes failure can foster innovation. There will be no improvement in education and other industries as long as perverse incentives remain in place. We should all understand by now that endless bailouts is not a desirable policy.

  • something tells me if people care enought about their kids then they will find a way

  • Exactly. There's a woman in UK who gave birth to twins. one before midnight one after on the cusp date for the public schools. Therefore the younger daughter cannot enter the same school year as her minutes older sister. The mother has said she'll enroll her children in Spain if necessary to get them into the same year.

  • This should be on broadcast television, even with the crazy 80s fashion. The creators had no idea how much worse things would get in the next 30 years, with even more central gov't intervention in our schools. No child left behind--more like no child without the bureacrats bending them over...

  • this is even more relevant now.

  • Awesome, more people should be watching this.

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