Student Loans & Bankruptcies (was Re: creative financing)

Justin Schwartz jkschw at hotmail.com
Sun Apr 22 19:49:20 PDT 2001



>
>Education is not necessarily a public good. From the point
>of view of the ruling class, it's a system to filter and
>select replacement members and servants

"Public good" is a technical term of art in decision theory, welfare economics, and social choice theory. It means something the market won't provide by itself because there are too many free riders. A "public good" doesn't have to be a public _benefit_. National "defense" is a classical example of a public good. So too is police protection, which, you, as an anarchist, disapprove of.

--jks _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com



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