This comment, sadly and somewhat ironically, reflects over a century of government monopoly of education. The economic history of the industrialised world to WWI shows why. By 1913 the world had converged on a single monetary standard that left all currencies directly convertible. Interest rates were low and stable, without being set by Central Banks. Inflation was stable at under 2%, the rate of discovery and processing of new gold. Government everywhere was small, less than 10% of GDP by tax take, with half of that going on the military it was unable to regulate everything, as it does now. Belle Epoch monopolies like Standard Oil were only emergent in industries facing government that were regulated as ‘strategic’. The idea that we would face some sort of dystopia without government is a fantasy that does not conform with reality, inculcated in government-funded and directed monopoly education.
Mar 29, 2023
at
5:04 AM
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