COLLEGE BOARD

It's the human capital theory and it is proven to reduce poverty. Plus he is giving poor students a way out. The school provides lunch so less students have to starve and they can invest in their future by gaining skills that can be implemented when they start working as an adult. The businesses get slightly cheaper labor and more efficient interns and the students are able to attend school and don't have to worry about where to get their meal for the day. It sounds like a good plan to me. He isn't charging them an arm and a leg to go to school. They already have the noble's academies which do that which is why he's making an affordable school for commoners.

Lmao

Here’s the thing, I agree with you here and there are many short term benefits but if we look at it in the long term the system purloined here only perpetuates inequality. He even states so himself, his goal in making this school is not to educate lower classes so they can take their human capital and use it to better themselves and their community but to monopolize that capital for his own businesses. In that way even though he was the one to “promote” them to higher opportunities he (and the upper classes in general) are still the ones who will receive the lions share of anything earned. I agree with you that it does allow for more opportunities in the short term but over time, as the amount of money made grows with the new labor force created we will see that the lions share of the money still goes to the upperclass and really the financial gap between the upper and lower classes ( and even a theoretical middle class) only grows.
A possible response is that giving them human capital allows them to create their own businesses and grow there own capital but my response would be that those businesses would be in competition with all of what the upper classes already have and especially if it’s profitable those who already have power will seek to either buy up the business or create a competing one, probably with better operations because they can invest more into it at the start. Of course maybe a few of the businesses started would prosper but it’d probably very an incredible low percent and I am speaking in broad terms.
So yeah in conclusion I do think education under the system of capitalism is exploitative.

P. S. pls don’t take this personally I’m just really bored in quarantine and debating things has always been fun for me you don’t have to respond or anything (unless you want to) but rest assured this is all in the spirit of lovely discussion and we’re literally discussing economics in the comment section of a webtoon lol

I get what you're saying and it does exploit the lower class but there is no denying that the human capital theory reduces poverty. It also introduces them to possible jobs to continue working at in the future (and ensures that they are fed and make enough money so they can even have a future) so I think the benefits are more long-term. As you stated, it even gives the lower-class a chance to open a business and while the majority fail, some do succeed which is a great improvement to before they were educated. Without it, the poor would just stay poor and the gap would increase. Human capital is a necessity to reducing poverty. I'm saying this as someone who has depended on school lunches in the past as a form of my daily nutrition and have seen the difference that free schooling has on reducing the burden of lower class families. I love debating too so no offense taken lol

this was so hard to understand.. like my mind is aching~ quarentine did me wrong~（/TДT)/