By making banks into building societies, or rather by not understanding the economics of and necessity for long term saving, and through the last decades mismatching of the costs of housing over time, our present generation of 'poor' economists have doomed another generation to the high costs of education and to a slower population growth rate. The latter is obviously a good thing, so there is no need to take sides, just observe the logical drift of the changes underway in so-called advanced economies.
But wait, perhaps universities where people go to learn will fade out of popular support and only the rich children will residence themselves in a university. It seems logical that universities as an institution are obsolete given the many possibilities of free education via the Internet. In fact, the www will, must, become the avenue of choice for the so called advanced economies. Not by fees will such education be provided but by volunteers.
That we are are witnessing the democratisation of education worldwide should be apparent as we begin to educate our grandchildren in China and India. The rush for cheaper education is on, and it will only be branding that attracts cost conscious kids to the likes of Oxford and Cambridge.
Do you not agree that logic says that by raising the cost of upper level schooling, we are giving away our competitive advantage of our educational systems to India and China? Before long Britain might as well send kids to school in India where the costs of education will be more affordable.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
