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by pitaj
2631 days ago
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> Ultimately, if something similar happened today (immediate removal of 50% of rich people's so-called property or some other major wealth shock), avoiding a similar recovery couldn't be done without banning private schools and removing all children from their parents for long periods of time, along with forcibly relocating the previous property owners and not letting them network with each other. And doing so would be a net loss of value. Making people less educated doesn't help anyone. |
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There are a tremendous amount of public schools which give incredible educations. Much of the value of private schools is in social capital. While we can certainly point to the education levels of the worst of public schools and compare them with the best of private schools, the resume boost from a private school and the networks which are formed amongst parents and students have a much bigger impact on where a student lands than the actual differences in educations received.