Summary Of Pass The Books Hold The Oil By Thomas Friedman
In particular, “Japan now has the second largest economy.. [and] Taiwan has the largest per capita foreign reserves in the world”. (Biggart 199) The advancement of these countries has long been noted and studied by Hamilton, Biggart and Saxenian. Their research has led to differing approaches in understanding these countries but the ideas they used to understand the development of these countries have fundamental similarities.
(Arnove, Torres, & Franz, 2012, p. 166, Kindle Edition) The perceived ROI that education brings, drives the pursuit of education and investment in educations. This same social and economic ROI drives the pragmatic aspects of education both in western and eastern
Hi, Anna I’m really happy that you had a once of a life time chance to go on tour with Rihanna as her makeup artist. But, since you had to drop out of English 1302 I remembered you made me promise to keep you up to date with what we are learning. With never wanting to break a promise, I’m deciding to write to you today to teach you about a new subject we are learning. This subject is about how to analyze an argument and, I going to be using Charles Schwertner editorial called “Tuition Deregulation is Falling Texas Students”. Schwertner published this article in December 7, 2014 on TribTalk.org in order to reach out to students, business man, and the general people of Texas.
makes more than the average person without a B.A., getting a B.A. is still going to be the wrong economic decision for many high-school graduates” (209). Although I agree with Murray on a few examples, I cannot accept his overall conclusion that he made his opinion on the basis that much of high-schoolers should not attempt to aim to get a college degree due to being intellectually or fiscally incapable of getting one. Moreover, I believe that high schoolers should be encouraged to go beyond what they think is capable as it is often worth the effort reap the financial benefits of a college degree. Murray maintains, “The increase in wealth in American society has increased the demand for all sorts of craftsmanship” (247).
Prior to reading the article Ezra Klein’s How to Stop an Autocracy, I was unfamiliar with the term “autocracy” actually meant in context. Undoubtedly, the United States finds itself in a divisive state; yet, I found it intriguing to read the Klein believes that Trump’s administration will not threaten America’s system of government and how the country will not become an autocracy. I agree with Klein when he says that, “His oft-stated admiration for authoritarians in other countries — including, but not limited to, Vladimir Putin — speaks to his yearning for power” [1]. Donald Trump wants to appear powerful and tough in front of his audience, a political tactic that has gotten him far as a businessman, perhaps this is because that is what he
In the article, “Why College Isn’t for Everyone,” Richard Vedder writes, “A person who compares the annual earnings of college and high school graduates would no doubt conclude that higher education is a good investment—the present value of the college earnings premium (the better part of $1 million) seemingly far outdistances college costs, yielding a higher rate of return” (Vedder 78). College graduates make more money because college trains its students to be more responsible, mature, and ready for their careers. Graduates are willing to go the extra mile to learn and make financial sacrifices for the profitable
He asserts that education is on the verge of becoming a privilege for the affluent and those whose parents have attained higher education. Eskow reinforces his claim by referencing research from the Organisation for Economic Co-operation and Development (OECD), showing that only 29% of young people with parents lacking higher education pursue further studies. I felt disappointed as the author made a stark comparison with other developed nations, where private sources cover just 30% of education costs, in contrast to the United States, where this figure hovers around 70%. Eskow relies on information from an OECD report, revealing that individuals with education earn significantly more throughout their lives compared to those without. He argues that ensuring free higher education can contribute to economic growth by fostering a larger pool of specialists in various fields.
In his excerpt, Rose states, “our public talk about education has been shaped by a concern about economic readiness and competitiveness.” Later, he continues with, “Consider how little we hear about intellect, aesthetics, joy, courage, creativity, civility, understanding.” It is clear that Rose finds a distinction between economic readiness and the deeper characteristics of learning; however, I do not. I believe that economic readiness includes deeper values of learning such as curiosity, moral development, reflectiveness, and willingness to try new things. In today’s society, people need all of these traits and much more to climb the financial ladder.
Since the college industry is so enormous, readers are able to reflect on why students are willing to pay such a hefty amount to this business. Overall, he is able to condense his viewpoint and help the understanding of the audience. He continues, “A 2017 report by Harvard Business School found degree inflation common and continuing and also found that ‘employers began hiring college graduates in search of higher talent quality’ and that ‘Many employers admit that they now pay a significant premium when they hire workers with college degrees,’” (Newton par. 9).
Krugman, Paul. " Conspiracies, Corruption and Climate." The New York Times. The New York Times, 11 Sept. 2017. Web.
Milton Friedman revolutionized free market thinking. He believed in a free market as the best solution for the stability of an economy. Basing his theories on Adam Smith’s “invisible hand”, Friedman further developed Smith’s theory. In short, Friedman’s Neoliberalism can be described through one of his quotes on the social responsibility of business, “There is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game” (Cooney, 2012). Friedman’s belief of the market’s perfection is based on the assumption that no actor would agree to a transaction if they did not find it fitting for themselves (Friedman, 1975).
Education – An investment and stewardship Benjamin Franklin once said, “An investment in knowledge pays the best interest”. However, in today, some people opine that college education is a worthless investment and waste of time. Against this opinion, law professor, Rodney K. Smith, in his USA Today essay in December, 2011, “Yes, A College Education Is Worth The Costs,” analyzes the importance of education in providing people with job and benefits. His first goal is to raise awareness of the correlation between the educational attainment and income as well as unemployment rate.
Chuck Jones wrote the article, “A $29 Battery Could Cost Apple Over $10 Billion,” where he talks about how IPhone’s supply would decrease if the new battery becomes the better option for consumers. The IPhone 6, 7, and SE models have the ability to change their batteries at the cost of twenty nine dollars. This is a great possible opportunity to fix issues on the IPhone, by fixing their slowness on the phone and other issues involving the battery. This could be good for the consumers, but it could be detrimental to Apple itself. If consumers start to get their IPhone battery replaced instead of upgrading to the new IPhone then Apple could lose over ten billion dollars.
Getting a good education helps get you a better job and better quality of life. Essentially, education makes individuals into who they are for the rest of their lives. Over the past few decades, the amount of schooling and importance of schooling has grown as education has become more easily accessible and necessary for careers. This idea is shown through the data from studies done on degrees and financial records. A census done by the U.S. government on education in the U.S population of individuals age 25 and older, shows that the high school completion rate increased from 87.6% in 2011 to 91.1% in 2021.
In Capitalism and Freedom, Milton Friedman argues that “economic arrangements play a dual role in the promotion of free society” (120). First, Friedman argues that freedom in an economic system is an end to itself, and thus it enables voluntary exchange within the system. Second, he argues that total freedom is guaranteed only through economic freedom, which is means to political freedom. According to Friedman, economic freedom means that markets themselves should be free of government regulations, in short free markets. Furthermore, he believes that freedom is very valuable, and to exercise coercion is to take away individual freedom.
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