The Astounding Failure of the US Educational System

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The article
titled “The
Educational System Was Designed to Keep Us Docile
,” by
John Taylor Gatto is a fine read as a complement to my latest article
the Illusory Empire of the Banking Commodities Con Game
Who is John Taylor Gatto? Mr. Gatto was the NYC “Teacher of
the Year” three times, and a teacher that became highly disillusioned
with the formal education system due to its failures to stimulate
critical thinking in children.

I find it odd
that people that find value in the information I provide to my clients
as well as information that I provide publicly on my blog often
desire to know of me, “Where did you go to school?” I
find it even odder that many people find my attendance of an Ivy
League university to be validating of my knowledge base and thinking
skill set, as if attending an expensive university is responsible
for the thought processes that have enabled many of my big picture,
long-term predictions of the global economy to be accurate. I believe
there is absolutely no correlation between the cost of an education
and intelligence or even between formal education and knowledge,
although oddly people believe this relationship to exist. If
there is a provable relationship between formal education and intelligence,
it is probably an inverse one. The more letters you have behind
your name (MBA, PhD, JD, MFA, CPA) the greater level of stupidity
one likely possesses, as the attainment of a higher level of education
means that one has been exposed for a far longer time period than
the average citizen to the indoctrination process.

I find oddest
of all, the expressions on people’s faces, when I inform them
that I sincerely believe that the knowledge I gained through formal
institutions of academia was detrimental to my understanding of
how capital markets operate. In fact, I explain to those that inquire
of my educational background that I had to rewire my brain and purge
it of nearly all of the false business concepts and stupidity I
learned in school because I later found the great majority of what
I had learned in school to be not only downright deceptive, but
also in my opinion, deliberately erroneous. Many people express
genuine shock when I tell them that my formal education was, as
was my education on Wall Street, almost entirely useless to any
of the investment research and analysis I perform today and that
my understanding of how capital markets move is entirely the result
of self-education.

In fact, an
article I wrote titled “Delaying
a College Education in this Economy is the Right Choice

probably generated some of the most perplexed responses I have ever
witnessed up close and in person when discussing the content of
this article with others. Some of the responses I have heard are
as follows:

But isn’t
this the BEST time to send my kid to college? The economy is terrible
now, so after he graduates, the economy will be much better, right?

You don’t
REALLY mean that, do you? Everyone needs a diploma to fall back
on. Who’s going to respect you without a college degree?

How is my
child going to get ahead in life without a college degree?

the rest of the article

22, 2010

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