Want To Be Rich? Don’t Go To School.
In the United States, the more we spend on education, the worse the system gets.
The problem with the school system is the failure to focus on true capitalism. We have corrupted the very notion. There is a subtle socialist agenda… a subtle undercurrent implying “the rich are greedy.”
But true capitalists profit if and when they make life better, often saving us time and money.
For example, the Wright Brothers were the first to fly, but it took capitalists to build an airline industry, making flying safe and affordable for the masses.
And it’s capitalism, not socialism, that offers a way out of the rat race.
Let’s break down exactly what socialism gets so wrong about our situation…
In overly simple terms, Karl Marx defined class struggle as the conflict between the bourgeois and the proletariat. Marxism is a theory that examines the effects of capitalism on labor, productivity, and economic development, and argues for a worker revolution to overturn capitalism in favor of communism.
Definitions of these classes are:
Bourgeois: These are business owners who own the means of production. At Rich Dad, the Bourgeoisie would be in the B quadrant of the CASHFLOW Quadrant.
Proletariat: a.) A class of wage-earners possessing neither capital nor means of production; b.) People who sell their labor to earn a living; c.) The poorest class of working people. When a parent says to a child, “Go to school to get a job,” they are advising their child to be a proletariat.
Our school system produces the proletariat class… a wage earner, a person who leaves school looking for a job.
But many will never own anything of value, and many will die with nothing. Simply because our schools resent the rich and produce the workers they claim the rich exploit.
As I mentioned, Karl Marx defined the proletariat as a class in a capitalist society that does not have ownership of the means of production. All they have to sell is their labor for a wage.
This is what our school systems do. Schools produce the proletariat class of a capitalist society. Schools do not teach people to be capitalists.
Due to a lack of financial education, even highly educated workers have their wealth siphoned off by debt via the banking system, their retirement via the investment-banking system, their labor via taxes, and what is left via inflation. If they own shares of a company, they own common shares — common shares for common people.
Our School System Is Failing Students
Students who leave school, looking for a high-paying job, soon fly into the web of capitalism, not because capitalism is necessarily evil, but because the educational system fails to prepare students for the real world. Without financial education, students are trained to be the victims of capitalism. The school system’s belief that “the rich are greedy” becomes a self-fulfilling prophecy.
As I’ve often stated, true capitalists are generous. They produce a lot and receive a lot. Could it be the school system that is really the greedy party?
Marx envisioned a war between the proletariat and the bourgeoisie, the capitalist class since workers naturally wish their wages to be as high as possible, while the bourgeoisie, the capitalists, wish for wages to be as low as possible.
In the brave new world of the new economy, in the ongoing war for high wages versus low wages, the capitalist class is winning. The capitalists win because it is easy to move production to lower-wage nations. Technology also reduces the number of workers needed to run a business. Production goes up, labor costs go down, and capitalists win.
The world is changing rapidly. The school systems are not. Schools continue to teach people to be proletarians, to leave school in search of a high-paying job.
This is financial suicide.
Remember Rich Dad’s #1 Rule
Home is where proletariat programming begins. Working-class parents want their kids to become higher-educated working-class people, people who ultimately work for the ultra-rich.
When a child enters school, the teachers (who are also from the proletariat class) continue the programming by saying, “If you do as I tell you and get good grades, you will beat your classmates to that high-paying job.”
Once the child enters college, beating out many of their lesser classmates, the teachers continue with their working-class dogma, saying, “If you have a master’s degree or a Ph.D., your resume will look better. The higher your degree, the better your chances of getting that high-paying job.”
Pavlov caused his dogs to salivate by ringing a bell. Our education system rings the school bell, signaling the promise of a high-paying job. All someone has to say is “high-paying job,” and people start lining up.
This is why there is no true financial education in schools.
The solution is to start a new type of school.
For the best and the brightest in this new school system, we create an academy, much like West Point for the Army, Annapolis for the Navy, Air Force Academy for the Air Force, New London for the Coast Guard, and Kings Point for the Merchant Marine. Rather than a military focus, this academy’s focus would be on entrepreneurship and would be named the Academy for Entrepreneurs.
Since only entrepreneurs can create real jobs, this academy would help solve the growing problem of unemployment.
To qualify to teach at the new academy, the instructors would have to be real entrepreneurs, trained to teach and willing to teach for free. If they are entrepreneurs, they would have the time and not need the money.
Today, we have law schools for lawyers and medical schools for doctors. Why not a school system dedicated to entrepreneurship and capitalism?
Play it smart,
Editor, Rich Dad Poor Dad Daily