"Don't fall into the trap of decency and common sense! The world should be harsh and inefficient."https://twitter.com/atrupar/status/1021757596225732608 …
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If you're a country that can afford it (like, say, the richest country in the world), it should be a no-brainer, even if you have no moral compass. If you want to run the nation like a business, invest in your (lifelong) employees.
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I think part of the issue is that as they currently are in the USA, both healthcare and higher education are increasingly bad investments (in other countries less so). cont.
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Healthcare spending is 20% of GDP instead of 10% (and we have overmedication). Many students are stuck with their loans for life (so how good of an investment a diploma really is). Both need to be made more efficient first.
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I know it is too wonkish, but if someone started the "Human Capital(ist)" party, I'd probably join.
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