Why In The Age of The Internet, Is Formal Education So Expensive?
Educations needs to be decapitalised — that’s the solution!
Anna, a single mother earning minimum wages in Melbourne, struggles to collect $20,000 for her daughter’s tuition. She barely makes $40,000 annually that doesn’t even cover the cost-of-living expenses leave alone the cost of education. This is not Anna’s problem alone or the problem of one urban city.
This is the problem globally faced by millions of low and middle-income-earning families. They face economic difficulties each day, making access to essential services really difficult. Throw in a pandemic to this mix and it worsens their struggles.
‘Education is a child’s right ‘ is a myth — it is a business opportunity for the rich to get richer.
The capitalist model prioritizes profit over the well-being of its people.
The global education market was valued at $5.7 trillion in 2020 and is expected to reach $10 trillion by 2025, at a CAGR of 11.6% during the forecast period. It is a large and growing market with high demand for services. It will always be in demand. People are willing to spend a fortune on their kid's education.
