The Most Broken Economy on Earth - Hoser (Video Essay | History | Economics | Comedy [to swallow it down])

Yes I don't have any hope for say 30 years time

Anyone who emigrated or just went to work overseas is probably thinking the same.

One thing I can see that is just a poor sign for the future is simply the education of our children, you can see various independent educational standards researchers who pin us at the bottom for things like maths and science, then can see that something like 80% of grade 4 children are illiterate for their age.

And this has been the case for more than 10 years.

When I was in grade 1, there was about 1,000,000 grade 1s, but when I finished highschool, only 500k even made it to matric, and out of that group even less got a full matric good enough to study.

So it's like maybe 20% of a given age group that can even say they got more than 60% for all their school subjects. Probably worse.

So what does that mean? You telling me in 30 years time, the vast majority of people walking around would not even be able to summarise the front page of a news paper, work out how much petrol to Cape town will cost ect. How the flip is a modern economy supposed to magically develop...

Those kids who get left behind are essentially the future, and what will land up happening is the ones who went to IEB private schools will be fine and the rest won't, this will just accelerate inequality.

So I would guess inequality will not only increase, but those on the wrong end of it, will be worse off.

Plus the brain drain, lack of decemopment etc, anything like crime or poverty will increase.

I dunno, can call me a bit of a doomer, but go look up some of our education statics, compare them to government schools and private schools, the inequality will only get worse.

Owell, only time will tell I guess

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