Public education - billions wasted window and a lot of wasted talent. Why? Because someone wanted to "do good"…
Schools are educational institutions. Their role is to educate a person - both professionally and in general. To pass on knowledge to people, thanks to which pupils and students will also be able to apply themselves in future life.
Interestingly, although Hayek's definition of the basic problem of economics, for example, is already talking about "coordination of knowledge," few have thought about the impact of current centrally-controlled education on the entire economic system. This impact can be much more fatalthan many can even imagine.
Market and knowledge coordination
FA Hayek asked himself an interesting question:
How is it possible that millions of people around the world are willing to work together to create complex goods and reach them as final consumers? How is it possible that even though no one knows how to make a pencil, this pencil will appear on store shelves? There is no one who knows how to make a saw, machines, extract graphite, cut wood, make pencil cars, extract oil - there is no one in the world who knows all these things at once - and yet the pencil appears in stores.
Jak je to možné?
The answer is actually simple: real, voluntarily set market prices! They give us informace about what's happening around the world! We don't have to know that oil or wood stocks are dwindling - we see in prices that oil and wood products are more expensive, so we start using alternative goods. It is just a pricing system that can coordinate the knowledge of millions of people around the world, who, without knowing it, work together to create the goods that we find on store shelves.
There is and cannot be any central authority that can effectively replace the price system.
Real prices arise only in the market - through voluntary exchanges. The exchange will not take place unless it is expected to be mutually beneficial. In the long run, trade cannot prosper if this expectation is not met. This ensures the bulletproof efficiency of the market system, which is the only one capable of coordinating human knowledge, which can be used to create things that no one can produce on their own.
The market is not the cause of the complexity of today's society, it is the opposite - the complexity of today's society, the diversity of human individuals, human needs and preferences is the cause of the emergence of the market.
If the market is the most effective tool for coordinating knowledge, can we leave educational institutions out of the market? After all, it is the schools that give us the educational basis for further development and specialization!
Nobody knows anything in schools
This is actually nothing new. It is still the same dispute about the "rationality of socialism" - today's education is state-owned. It is centrally managed, regardless of whether the founder is the state (in any form) or a private person, because the so-called. "Private schools" must bow before the Ministry of Education. Even "private schools" are paid for with state money.
There is no real market for education. There is no market for schools. There are no real market prices that carry information - students do not know, what is the demand for which graduates, has no outlook for the future (there is no market interest rate on student loans or scholarships). Thus, students cannot specialize properly.
On the other hand - on the school side - the situation is also deplorable. Due to the lack of real prices (and real interest rates on tuition loans), schools also do not know which fields are in demand and which are not. The result is a "suboptimal" offer of fields - there are too few fields, or in other words - there are many fields that schools do not offer. The student then has nowhere to studybecause "his" field simply does not exist. Applying for schools is more reminiscent of lotteriesthan interested in studying.
Specialization is a cornerstone of the efficient functioning of markets. If we have a nationalized education system, we cannot expect people to specialize when people themselves do not know what to specialize in, or when there is no place to specialize in a given ability.
Often, public education is only a waste of time, because the specialization itself occurs only after the end of the educational process, when graduates work in industries that have nothing to do with their field of study.
However, not everyone is lucky enough to "socialize" after school in practice. Many people will never discover or develop their talent and abilities. The foundations for this development are to be given by educational institutions, which, however, do not work in the state system. There may be as many as millions of people whose talent is discarded. Millions of lives that will be ruined only by poor education. About the enormous "human capital", the potential that will remain untapped even though we have the capacity to do so.
And finally - it is necessary to realize that the money in the Czech Republic, for example, is about 100 billion crowns, which de facto every year is actually "thrown away from okna".