>If government supplies numerous expensive low-value services, private competitors might decide to just outshine the government on other dimensions.
I think it's still curious why there aren't schools that are able to dramatically outshine the government on stuff like test scores or college admissions or practical learning in a way that isn't just selection effects. Britain has a famous one, but why aren't such schools common place?
Don't forget that as far as education is concerned with signaling, there are almost no features of education that aren't important to a consumer; the features may be an end to themselves. Only those who are less interested in signaling will seek out alternatives to the standard model.
I wonder if all this applies to policing. Judicial services (arbitration?).
>If government supplies numerous expensive low-value services, private competitors might decide to just outshine the government on other dimensions.
I think it's still curious why there aren't schools that are able to dramatically outshine the government on stuff like test scores or college admissions or practical learning in a way that isn't just selection effects. Britain has a famous one, but why aren't such schools common place?
https://time.com/5232857/michaela-britains-strictest-school/
Don't forget that as far as education is concerned with signaling, there are almost no features of education that aren't important to a consumer; the features may be an end to themselves. Only those who are less interested in signaling will seek out alternatives to the standard model.
Similar arguments could be made for various sorts of cheap labor — overseas, immigrants, AI.