In light of this announcement, it's worth reading the New Yorker's fantastic piece exploring how Zuckerberg's previous $100 million investment into the Newark public school fared. http://www.newyorker.com/reporting/2014/05/19/140519fa_fact_...
Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
51–60 of 74 posts
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#52Earlier quoted context omitted.
> A lot of what is wrong in the U.S. today goes back to our own absolutely unparalleled failure in the roughly 40 years between 1940 until 1980. Please explain.
Ok, I see, I dind't phrase it carefully enough - sorry. I meant what happend in Europe, not in the U.S. Here's my very very very unhealty simplifictation of how the lack of public funding of public services and the events in europe are related. underfunded schools > public spending in general > fiscal quote > "washington" > elections > cultural reflexes > "socialism" > libertarianism/Reagan > Europe > cold war > soci…
America had it relatively swell after WWII. Things went so well for so long that they thought that the American Way was indestructible. Again, how is that 'Europes" fault?
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#53Earlier quoted context omitted.
>Amazing that the money is all gone Not really. This is what American Capitalism is known as around the world. In oil and gas you know to sell your shares and not work for a firm that gets an American CEO because everything the article talks about happens without fail within the first three years. The short and simple of it is that Americans businesses just plain have no morals and everyone expects to be screwed over…
Applying the label "capitalism" to a government run school system is outright laughable.
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#54In light of this announcement, it's worth reading the New Yorker's fantastic piece exploring how Zuckerberg's previous $100 million investment into the Newark public school fared. http://www.newyorker.com/reporting/2014/05/19/140519fa_fact_...
I'd some 2nd hand experience of how inefficient US school system is. Lots of districts and school actually have huge budgets. Some in fact have more budgets than entire state of a 3rd world country. The way this goes is, people in charge would cry about not having money. Then they would get chunk of money. And then those people would come up with ideas such as free distribution of iPads to everyone, go to conferences…
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#55Earlier quoted context omitted.
I'd some 2nd hand experience of how inefficient US school system is. Lots of districts and school actually have huge budgets. Some in fact have more budgets than entire state of a 3rd world country. The way this goes is, people in charge would cry about not having money. Then they would get chunk of money. And then those people would come up with ideas such as free distribution of iPads to everyone, go to conferences…
When I was a senior in High School in Toronto in 2009, our school had recently purchased a pallet of brand new $100+ calculus textbooks. The up-to-date textbooks were chock-full of politically correct pictures of minority students doing math in wheelchairs by typing equations into their latest-gen $200 Texas Instruments graphing calculators. On the other hand, they were missing topics such as integration entirely sin…
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#56Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#57In light of this announcement, it's worth reading the New Yorker's fantastic piece exploring how Zuckerberg's previous $100 million investment into the Newark public school fared. http://www.newyorker.com/reporting/2014/05/19/140519fa_fact_...
I'd some 2nd hand experience of how inefficient US school system is. Lots of districts and school actually have huge budgets. Some in fact have more budgets than entire state of a 3rd world country. The way this goes is, people in charge would cry about not having money. Then they would get chunk of money. And then those people would come up with ideas such as free distribution of iPads to everyone, go to conferences…
Even here in Iceland, where we are really not doing too great on the PISA exams (and getting steadily worse - so it's hard to say the problem is lack of technology), and there is not sufficient funding for schools, you have people calling for "modernisation" of the school system which always involves spending inordinate amounts of money on giving iPads to students.
This is at the same time as competent teachers are moving jobs in droves as they get paid shit, and only the bad ones who can't get jobs elsewhere remain.
I just don't understand these priorities.
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#58Earlier quoted context omitted.
Amazing that the money is all gone (or committed) with a large chunk being spent on consultants billing "a thousand dollars a day." It gives me more appreciation for Bill Gate's approach, which seems much more cautious, albeit slow.
>Amazing that the money is all gone Not really. This is what American Capitalism is known as around the world. In oil and gas you know to sell your shares and not work for a firm that gets an American CEO because everything the article talks about happens without fail within the first three years. The short and simple of it is that Americans businesses just plain have no morals and everyone expects to be screwed over…
This was, to me, the most interesting part of your comment. Do you have any references to Intellectual Ventures refusing to license this particular technology? If so, it certainly paints the whole program in a different light.
Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#59Re: Mark Zuckerberg and his wife to donate $120M to needy Bay Area schools
#60In light of this announcement, it's worth reading the New Yorker's fantastic piece exploring how Zuckerberg's previous $100 million investment into the Newark public school fared. http://www.newyorker.com/reporting/2014/05/19/140519fa_fact_...
I'd some 2nd hand experience of how inefficient US school system is. Lots of districts and school actually have huge budgets. Some in fact have more budgets than entire state of a 3rd world country. The way this goes is, people in charge would cry about not having money. Then they would get chunk of money. And then those people would come up with ideas such as free distribution of iPads to everyone, go to conferences…
relevant excerpt:
“Is this a vision of what shall be, or of what might be only?” Well, a visionaries as diverse as Martin Luther King, Richard Nixon and Milton Friedman have proposed something called a Basic Income Guarantee. When society becomes so advanced that it produces more than enough for everybody – but also so advanced that most individuals below genius level have little to contribute and no way of earning money – everyone should get a yearly salary just for existing. Think welfare, except that it goes to everybody, there’s no stigma, and it’s more than enough to live on. This titanic promise has run up against a giant iceberg with BUT HOW WOULD WE PAY FOR IT written in big red letters on the front. If we cancelled all existing welfare and entitlement programs – which makes sense if we’re giving everyone enough money to live comfortably on, we would only free up enough money together for a universal income of $5,800. I don’t know if you can live on that, but I’d hate to have to try.
But we’ve gotten off track. We were counting the benefits of formal education. We did not do so well in trying to prove that it left you more knowledgeable, but it did seem like it had some practical value in getting you a little bit more money. With your shiny college degree, you can confidently assert “I’ve got mine”, just as long as you take care not to notice the increasingly distant hordes of manual laborers or the statistics showing that the yours you’ve got is less and less every year.
What of the costs of education? What have you lost out on?
Well, first about twenty thousand hours of your youth. That’s okay. You weren’t using that golden time of perfect health and halcyon memories when you had more true capacity for creativity and imagination and happiness than you ever will again anyway. If you hadn’t had your teachers to tell you that you needed to be making a collage showing your feelings about The Scarlet Letter, you probably would have wasted your childhood seeing a world in a grain of sand or Heaven in a wild flower or something dumb like that.
I’m more interested in the financial side of it. At $11,000 average per pupil spending per year times thirteen years plus various preschool and college subsidies, the government spends $155,000 on the kindergarten-through-college education of the average American.
Inspired by a tweet: what if the government had taken this figure (adjusted for inflation) and invested it in the stock market at the moment of your birth? Today when you graduate college, they remove it from the stock market, put it in a low-risk bond, put a certain percent of the interest from that bond into keeping up with inflation, and hand you the rest each year as a basic income guarantee. How much would you have?
And I calculate that the answer would be $15,000 a year, adjusted for interest. We can add the $5,800 basic income guarantee we could already afford onto that for about $20,000 a year, for everyone. Black, white, man, woman, employed, unemployed, abled, disabled, rich, poor. Welcome to the real world, it’s dangerous to go alone, take this. What, you thought we were going to throw you out to sink or swim in a world where if you die you die in real life? Come on, we’re not that cruel.
So when we ask whether your education is worth it, we have to compare what you got – an education that puts you one grade level above the uneducated and which has informed 3.3% of you who Euclid is – to what you could have gotten. 20,000 hours of your youth to play, study, learn to play the violin, whatever. And $20,000 a year, sweat-free.