Earlier quoted context omitted.
So if up to an individual, what do you think they would choose for their education if there were no mandates agreed upon by their government. DraftKings is a gambling titan that could offer a very profitable option.
I do not at all think that, if government wasn't in the business of setting those standards, the standards would turn out lower. Reputation would follow the institutions, and graduating from an institution that set lows standards wouldn't have any signalling power to prospective employers, so students wouldn't want to enroll there. What you actually see in countries that have both a private and public education syste…
Measuring up a student/candidate who was home schooled or self-taught works for some schools/vocations more than others. Having certification/accreditation of some sort streamlines the selection process. Whether such quality is best defined by the market-driven private certifiers or the government will depend on what type of education we're talking about, and even then will be muddied by one's belief in the efficacy of free markets vs democratic governance, which is a whole other can 'o worms.