Thanks Chazza, we all feel so much better now you pointed that out.
I love Munger, but, I think he’s wrong in this case. Kids born into poverty in the 40s, 50s, 60s, etc in most areas of New York , had excellent public schools and dedicated , committed, amazing teachers. We had little crime and free public education was our ticket out of poverty. Even my BBA from Baruch College was virtually free. Do kids living in the projects, today, enjoy the same opportunity we did ? Do all kids attending public schools in America today, enjoy the opportunity the kids raised with me in govt subsidized housing enjoyed in the 50s? I doubt it ? “” In 2019, Munger downplayed the effects of wealth and income inequality, and claimed that the politicians who were “screaming about it are idiots.”
Respectfully disagree, we have the world at our fingertips in ways that past generations never could have imagined. Is there poverty, of course. If you think wealth and inequality are the reasons public schools are a disaster, you really don’t understand 30 years of so called solutions that have actually made the problem worse. Even so, there is no better place in the world to be than here and no better time in history than right now to make something of yourself.
For 40 years, we have been having a conversation about rights and privileges. It’s time we shifted it to one about obligations and responsibilities.