Economics 101: School Choice Example Shows Why Government Monopolies Are Bad

Competition promotes innovation and results in higher quality and lower costs. Government-run schools are a tragic example, by contrast, of why monopolies generate bad results. This video uses the example of school choice to explain why competition is a better approach. www.freedomandprosperity.org

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[dubified89]

Not only do private schools do better but if 'independent' means non-religious private schools, they do better than religious ones. Interesting.

[rictorn]

@AkaiTsukiShimitsu 3marx 'alianation' the craftsman isn't alianated becuse he gets the pleasure of making somthing, seeing the fruits of his labour, deciding how when & what to do,where as if you work in a factory your alianited as you have no input into decisions about when or how you work, as you only make a small part you have no pleasure in seeing a finnished product, thats why studies today show the more worker participation in decision making the better productivity & happier the workers

[rictorn]

@AkaiTsukiShimitsu 2marx said capitalism leads to crashes(it dose),leads to enviormental degridation(it has &is),to monomoly/duopoly/oligopaly (to a great extent is),'primative accumilation'where a country/company steels land/raw materials from its owner massive multinationals profiting frm iorn,oil,diomands..., either enriching corrupt officials to get contracts, take land (usa in iraq),buy large parts of poor countries for little(china),use/start civel wars to get oil/diomonds(central africa)

[rictorn]

@AkaiTsukiShimitsu hi, marxism dosnet work (full stop) but marx's analasis of capitalism is absolutly superb, as an analist of capitalism he is peerless, his analsis and critique of capitalism in das kapital is brilliant, many buisness schools now teach marx theory of capitalist crisis as a very simple quick way to understand the periodic great crashes in the system,

[AkaiTsukiShimitsu]

@rictorn But it was Marx, do you really believe what he said? ._.

[rictorn]

monopolies are bad ancd capitalism tends toward teh monopolistic as marx saw

[Spjungen]

I love this girl.

[bkironde]

where are your sources, send me the link pls

[TheDanielBooth]

@mickstarify The siutation is a little different in Australia because private schools actually get government funding for reasons of principle.

I actually agree that a voucher system would produce better outcomes for children. But the problem is moving from where we are now to the new system. If you instituted a voucher system it would take 5-10 years for the education system to addapt. That would mean that half a generation of school children would have their education disrupted.

[TheDanielBooth]

This is actually pretty misrepresentative of many monopolies. Many monopolies are actually natural monopolies (like Amtrak and the Postal Service) where there is a high fixed cost and low marginal cost.

Yes, monopolies are generally bad, but what if the choice isn't between monopoly and competition, but monopoly and no provider at all.