Monday, March 9, 2015

Anders Chelgren, Chapter 6, Question 7

Chapter six continuously drives home one point, the value of human capitol. Successful people are worth more than the culmination of their physical assets and property. I liked the example given describing a hypothetical scenario in which people were dropped on a street corner void of all but the shirt on their back. Those people rich in intellectual promise, with a unique or valuable skill set would adapt and soon again be successful, while those with few or useless talents would be unemployed. This example shows how desirable human capitol can truly be. Reading this chapter caused me to make a connection to a previously discussed platform for giving kids more opportunity to succeed. This presidential program realized the value of human capitol yet failed to succeed because its structure drew in students in low paying careers and not high paying ones. I have a similar yet privatized idea: children as investments. Its no secret that wealthy parents invest in the futures of their children, however what about those students that are motivated to excel yet don't have the luxury of wealthy parents? Or what of the wealthy adult who is looking for a investment but has no children? Why not create a system in which students can post profiles seeking financial backing from a private party. As a result the student could attend school and the investor could receive a return on investment following graduation. This type of program would allow greater opportunity for students who know they want to be successful and will offer a good return for those people who invest in human capitol. This program would not waste public funds but would be entirely private.

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