Moon Kil Woong

Turning Nothing Into Something

First off, the likes of Sun Microsystems, Google, etc. will not be a function of PE ratios and silly VCs. Many of the best new companies are in fact the product of foster care by very big rich top academic institutions like Standford in this case. It was largely irrelevant whether Google would change the world when they IPOed. They already had.
That is really the driver of American progress and ingenuity, how well we educate our children. The political forces that be can only help or hinder that progress through supporting or not the intelectual well being of our greatest asset, our youth.

Fail in that and it doesn't matter how well your economy does or doesn't do. Although I may sound like a social worker or gred speech writer, this is simply the fact, decade in and decade out, a country advances on the academic excellence of it's youth. America thrived because of it's freedom and willingness to embrace technological advancements and support it. The day that stops is the day that the US, like the USSR falls from super power into a squabbling devisive has been.

When I say Bush Jr.'s policies failed it becomes quite apparent when you look at the global educational ranking. We are falling compared to every industrualized 2nd world country. Or look at the percentage of the government bugdet going to education, it's dropping. Or look at what the teachers have been saying it for years. No child left behind is a recipe for every child left behind. While the Bush Administration fronted a diversionary war to blame teachers for the bad performance it merely masked his national policy for under budgeting education.

Thanks for listening. Economics and education go hand in hand.