(Interviewed by Louis James, Editor, International Speculator)
This interview was first published on October 21, 2009
Editor’s Note: The typical American thinks going to school is the best way to achieve success. As President Obama said in a 2012 presidential address, “If we want America to lead in the 21st century, nothing is more important than giving everyone the best education possible – from the day they start preschool to the day they start their career.”
Casey Research founder Doug Casey has a very different take…
Louis James: Doug, in our recent conversation on global warming, you made some critical remarks about modern education. I know that wasn’t mere drive-by disparagement…can you tell us why you’re so hard on teachers today?
Doug: Sure. Since the school season started recently, it’s probably a good time to talk about schools and education.
L: School season? Is there a bag limit on how many schools you can take down?
Doug: Well, I think that most of the money that’s spent on so-called education is, if not wasted, definitely misallocated.
There was a book written a few years ago called something like All I Really Need to Know I Learned in Kindergarten. I have to admit I never read the book, but the title resonated with me. I think there’s a lot of truth behind the notion. To me, it implies that a person should have absorbed basic ethical values and an understanding how to relate to other people, animals, and objects by the time he’s six years old. Those are the most important things anyone can learn and should be the first things one learns. But it doesn’t seem any institution, and fairly few parents, think to teach them.
But the first thing to do is to ask: What is education?
L: Okay, I’ll bite. What is it?
Doug: Education is the process of learning how to perceive and analyze reality correctly. That would include subjects like ethics, science, history, and important literature.
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