"Education Revolution"?
Discuss.
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Update: It's quite clear I study arts, and not commerce. James and Wikipedia have made me realise I misused the term 'free market'. What I meant to ask (though it's far less catchy than my original question) was this: Can the underlying philosophy of laissez faire- that is, that the order of things be determined by the natural forces of supply and demand- be applied to the public education system?
The reason I ask is because one of the Australian government's most recent steps towards a self-proclaimed 'education revolution' proposes that schools' performance be ranked across the board, and that this information be available to parents everywhere. Consistently badly performing schools may be shut down, merged with other schools, or have their principals sacked.
The argument for the policy is that public education is the government's economic investment into 'human capital'. It would render teachers and principals alike accountable for their schools' performance, and give them incentives to do well, placing schools in a competitive market environment. It has however come up against heavy criticism, with teachers' unions arguing that, unlike corporations, there is no fair way to rate how 'well' schools perform, and that students would only be disadvantaged by any funding cuts or dramatic changes to their school's structure that would take place as a direct result of such a rating.
With that in mind- discuss!
[Photo: CBS Local]