Showmanship

These [french] kids have not understood the reality of international competition. A work force of two billion people in India and Asia is ready to nip at the heels of these new graduates, whose only skills are these: taking exams and writing term papers.

Meanwhile, Asian capitalists are hiring workers just off the farm at low pay and training them to perform repeatable skills that the sons of farmers can master in a few weeks. They are paid low wages by Western standards, but high wages by Asian rural standards. Twenty to thirty million people move to cities every year in Asia.

Who is going to win this competition? Consumers don’t care about term papers. They care about price and quality and style and frequency of repairs.

The French graduates do not care about consumers. They have never been trained to meet the demands of consumers. They have been insulated throughout their lives from consumers. Now they are being confronted with a terrifying prospect: the ability of consumers, for 24 months, to act through their surrogates, business owners, to turn thumbs down on the students and their finely tuned academic skills.

Gary North, no LRC, a propósito de um excelente video de malabarismo!