Thursday, February 11, 2010

Economics 101: The School Choice Example

From Hot Air. This is one of the best videos I've ever seen.

The Center for Freedom and Prosperity released another of its Econ 101 video series today, this time with Isabel Santa of Cato discussing the problems of monopolies — especially in regard to school choice. The government-imposed school monopoly squelches innovation and provides an inefficient model for education, Santo argues, much as monopolies in other areas make inefficient use of capital. The problem is that government only reluctantly allows private enterprise to compete with its near-total lock on compulsory primary education by forcing people who opt out to pay into both systems. That creates a situation where only the wealthy and powerful have the option to choose how their children will be educated — although far more of the people who protect the government monopoly choose to opt out of it than the general population:

.... Besides, any government monopoly that 44% of the Senate and 36% of the House avoid is one that should be either ended or forced to compete on a more even basis with private-sector suppliers.

You can go here to get more info on these percentages. If every member of Congress who exercised school choice was required to pass that same privilege to low income families, the D.C. Voucher program would have remained in place.

1 comment:

Nick Rowe said...

Bill Clinton, Al Gore, and Barack Obama all sent their kids to private schools.

George W. Bush and Dick Cheney sent their kids to public schools. Laura Bush was a public school librarian.

The majority of public school teachers send their kids to private school.

Go figure.