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When free market doesn't work, free market advocates have their solution : there wasn't enough free market, so we need MORE free market.

• trixie_ 5y ago
  A free market wouldn’t be dumb enough to give a teenager a loan for 100k. That idiocy is reserved for the government.
  • sofixa 5y ago
    Hence the free market would have excluded any teenager who doesn't have rich parents from higher education. Hardly a good thing.
    • trixie_ 5y ago
      Free market brings prices down and quality up. The government tried to ‘help’ 50 years ago and now the prices have become so distorted that without government help you would need to be rich to go to school. People like you think the government should solve a problem that they themselves created.
      • sofixa 5y ago
        > Free market brings prices down and quality up In theory, but in practice there are many markets where that simply doesn't work, mostly due to natural monopolies, such as any type of infrastructure, healthcare or education, where competition is impractical or impossible, equal access for everyone is extremely important, and costs are high.
        • Ekaros 5y ago
          I think free market could work with education. It is really a question how to verify the results. That is how should degrees be granted. Which is rather complicated issue as there is way too many ways to cheat. Still, nothing really stops competing methods and prices for teaching to competing levels.
• deleted 5y ago
  [deleted]