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By A Smith (anonymous) | Posted January 07, 2009 at 10:41:41
Continued from above...
and Louisiana that spend less than average and yet much faster growing economies. Similarly, there are countries like Greece, Brazil, Ireland and Russia that have been growing extremely fast with much lower education spending than the slow growing countries of Western Europe.
Furthermore, the innovation hotspots you mentioned earlier, such as Boston and Silicon Valley, are anchored by strong private universities such as Harvard and Stanford which have strong relationships to the venture capital industry. It is this flow of ideas and money from private individuals that bring ideas to market that is unique to the U.S.A.
I will grant you that having a literate populace is likely crucial to having a livable society, but this does not mean that government has to monopolize the education sector. The government could provide much greater choice and competition by providing vouchers. Since most people recognize the benefits of competition to the consumer in all other areas of delivery of goods and services, why don't we have that for our children today?
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