Thursday, December 9, 2010

Sour Grapes

  The Test Chinese Schools Still Fail - WSJ

  The Chinese school system is fine. If I was given the reins, the system now is probably the same system I would intuitively design. Its not the same system I would like to be subjected to. But it is the same system I would like to condition future adult citizens. 


  The system creates young adults who can exceed in math science and other skills they may never actually use. (HA) But I don't understand the article's claim that China's educational system has failed China from an entrepreneurial standpoint when the economy grows in the excess of 10 percent a year. 

  Of course, as I said in previous articles. The economy is not based on a nation's educational system. Otherwise, I would have given it much more emphasis in previous articles. A nation's economy is based on the central bank and its monetary policies.  

  It is nice to know that a pool of talented individuals are available to be recruited from. But first and foremost, I need liquidity. And that can only come from the state. 

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