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The short version: * Education is socialized. That is, people don't pay for it, instead the state buys it. At university level, this is slightly less true but the state still provides loans which may never be paid back. Even for the rich, who buy their own education, the sector is still extremely inefficient since the main value added is not from the teachers but from the other students. That is, universities are fundamentally clubs (in the economic sense of the term) rather than businesses. * As a result, there is no payoff for innovating. * As a result, there is no innovation worth mentioning. This applies to software, teaching, course design and everything else. * At some point the existing system may become so bad that individual consumers seek alternatives. Then, there may be money to be made in teaching people. Until then, you are condemning yourself to a precarious existence. Good luck! |
Moreover it's also provably false. Education is big business in most countries and a significant portion of gdp (and often not "socialise" either, universities, private schools, private certificate/education providers etc.). Despite of that nobody managed to "disrupt" education yet, because education is difficult and most "small, agile" providers in this space are awful, mainly preying on the desperate.
Regarding good lms, to the OP it really depends on what you want. Systems like Canvas, Moodle are catering for universities/school. The requirements for such large organisations might be very different. Why do you find canvas/Moodle bad for example?