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by briandear 3189 days ago
Plumbers and electricians make great money and they aren’t incurring debt to do so. Plumbers, especially self employed ones, make more than your average “marketing assistant” or some other job that requires a degree.

Plenty of people go to school and don’t rack up tens of thousands in debt.

The question we should be asking is why does education cost keep expanding so quickly: cost inflation is much higher than even healthcare. It isn’t “capitalism” it’s actually the he fact that student loan availability distorts the market. Eliminate student loans and costs will drop like a rock to a level the actual market supports. Don’t blame capitalism because capitalism would never support the artificial cost inflation caused by government intervention.

If Big Macs were subsidized as much as universities, they’d cost $100 because McDonald’s knows that if you can’t afford it, the government will be there to help.

2 comments

The number of plumbers - more precisely the amount of plumbing work - is essentially constrained by the number of sinks.

There's no limit to how much marketing can be done.

Thus, late capitalism.

(Also the "genius" of software development, where we seem to have invented a way to make infinite broken sinks.)

>Don’t blame capitalism because capitalism would never support the artificial cost inflation caused by government intervention.

What is capitalism other than the system of predominant wage-labour, private ownership of socially productive property (supported by the state), capital accumulation and class society? The idea that capitalism cannot be blamed for the fact that people are required to obey the whims of speculators in the market, to tailor their ambitions such as to maximise wage rather than to pursue enjoyment and the replacement of relations between people with relations between commodities is absurd.

Capitalism "supports" whatever will make a profit; in this case, student loans turn profits. Why would this system of student loans not occur under government intervention? There clearly exist private loan agencies.

To be clear I'm not speaking in favour of the Cuban system, so please don't assume that I am.