Saturday, July 5, 2014

Too many MBAs

This country has produced too many MBAs. They are so common that an MBA is considered de rigueur for public office which has resulted in governments whose policies and practices are infused with business ethics and priorities. One negative example: education was once considered a public investment but since funds spent on education are not classified as investments by business economists, government policy has changed. The single most important form of long term planning in any society, the one which promises the best return on investment, public education is now being managed as a short term purchases with immediate return on monies spent. This is the justification for student testing and teacher accountability - immediate return on money spent on teacher pay - and not long term investment on student learning, growth and achievement.

With the emphasis on business degrees, our academies have turned the brightest minds in the country away from intellectual innovation to financial innovation and the result is a loss of intellectual specialists and a glut of inequality maximization specialists at the cost of national and international economies and ecosystems.

The only positive is these institutions are still (mostly) intact so we only need the will to invest in a future that benefits all people. It can take decades or centuries to grow a forest that man can now cut down in a day.

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