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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Bookdon who wrote (7612)10/18/2003 11:46:07 AM
From: Cary Salsberg  Respond to of 25522
 
RE: "...the well-educated (as a "class")will earn substantially more than the poorly-educated."

This is tangential to the subject here and fails to distinguish between education and native ability and between general education and narrower, concentrated education.

RE: "Clearly, however, a governments obligation is to provide the framework to allow the citizens of that country to enjoy a higher standard of living, relative to other countries."

As you point out, this is largely not possible in an open competitive world economy. I think the obligation is to establish guidelines for a minimal standard of living and provide a mechanism to effect it. By "minimal", I am following the logic that provides K-12 public education. I think most believe that a comparable "minimal" level of health care should be provided to all.