Why capitalism requires free higher education and universal healthcare

October 1, 2019 0 By Ronny Jaskolski

(light music) – You know,
it’s time to think about how much education people,
sort of, should have without having to pay for it. I think a number of
states have talked about free community college. It may be that we are at the point where that is the minimum requirement for anybody to get a good job. And if that be the cost of
preparing people for capitalism, we should pay it. Historically, high-school
education in the US was free, even when, in the late
part of 19th century, it was way above the kind of
education that most people got. Only a few from the middle
class benefited from it. But eventually, many more people did. That created a much more
equal-opportunity society, which I think made the
Americans much more predisposed to capitalism because
they were prepared for it. So, the US doesn’t have strong safety nets, doesn’t have universal health care, didn’t have strong unemployment insurance. But it still was receptive to capitalism because people were much better educated and could take those good jobs that the US was creating. So, when we look forward and we see that people aren’t getting that good education, nor do they have the strong safety nets, we have to think about what we remedy. And we have to remedy it in
a way that doesn’t, in a sense, spoil some of the benefits
of a market-oriented system, which is more efficiency, more growth. Similarly, in this day and age, it seems to me a travesty that
anybody be without health care. It is a necessity to
participate as a citizen. It is a necessity to
participate as a worker. And every civilized
society that can afford it has universal health care—
except the United States. It is not necessarily
the feature in our system that makes it capitalist; in fact, it erodes the
capitalism in our system. (light music)