One of my favorite NR authors, John Derbyshire, has an excellent piece on the money pit of education.
Public schools and most colleges and universities are awash in money, thanks to the talent of their leaders for persuading people to give them money and persuading politicians to give them money taken from taxpayers. Little of that money is spent to good educational purposes. Mostly it’s spent on layers and layers of administration.
Derb’s piece nicely supports my contention that only a very wealthy country could afford an educational system that costs as much and delivers as little as ours.