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  • Thursday, March 31, 2005

    SNP says replace student loans with grants

    From the Guardian: Replace student loans with grants, SNP says

    With new Scottish graduates due to start paying contributions towards the cost of their degrees next month, the Scottish National party today called for all student loans to be replaced by maintenance grants.
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    At 3/31/2005 03:03:00 pm, Blogger Gothamimage said...

    Since a free education pays for itself many times over and the compound rate of return more than makes up and revenue loss, you have to ask yourself why policy elites, who know this, choose to forsake a wise seeming policy. Perhaps, they believe in the ennobling virtues of the simple toiler - thus, by passive aggresive means, they seek to subsidize the creation of a toiling class - it's tactical feint in the war on modernity,

    At 3/31/2005 03:36:00 pm, Blogger Voice 1 said...

    Well, you've certainly raised a legitimate pont there, whispering, it does appear to be the case (and it is common sense to assume) that the less fortunate are adversely affected by charges for education.

    At 3/31/2005 04:32:00 pm, Blogger DJEB said...

    I think that elites want to stay elites. They are all about being ahead of the rest of the pack in terms of power. One of the most important books on political ecomony was written on this line a few years back: Jonathan Nitzan and Shimshon Bichler's Global Political Ecomony of Israel. I think first and foremost, the don't want "their" money wasted on something that takes resources away from Keynesianism that benefits them more. Secondly, this would act as an equalizer, I think - something they surely don't want.

    At 3/31/2005 05:07:00 pm, Anonymous Anonymous said...

    In my day we got grants, means tested of course, seemed to work OK.

    At 4/01/2005 10:50:00 am, Blogger Voice 1 said...

    Well, grants certainly appear to be better than loans.

    At 4/01/2005 02:36:00 pm, Blogger Gothamimage said...

    djeb I see your point, but disagree - wealth begets more wealth- it's not a zero sum game. The greatest fortunes in the USA were made because of, not in spite of, the rise of the big middle class.

    What seems odd, that people are willing to forgoe that benefit and why that is so.

    At 4/01/2005 11:18:00 pm, Blogger DJEB said...

    Wealth begets more wealth, yes. There's a good quote on that from Adam Smith. However, wealth also begets power, including the power to strongly influence national policy.

    I don't agree that the robber barrons of this era of any other made it because of the middle class, however. In nations with a nearly non-existent middle class, there are those who have amasses great fortunes.

    Similarly, I don't think that the uber-rich are necessary for a large middle class, either. There are also nations with a very large middle class and a very low GINI index.


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