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It is easy not to pay attention to this from a progressive-institutional point of view. But on a massive behavioral scale, the value of education is its competitive edge rather than rational competency. Armchair progressives should better start paying attention to this.
Intellect is generally a higher status characteristic for humans. How else did our outsized brains evolve? The modern society and universal education messed up this linkage somewhat. But with glorious times of swift progress and ample resources apparently ending, the future is with masses that do not particularly value education (especially knowing the recent screw-up in high education). People, especially men, will rather look for narrow mastery than broad education. And they will be comfortable with selection by inequality.
Now there were plenty of workers available. They needed to earn shillings to pay the hut tax. And, best of all, actually paying the workers with actual coins was optional. The plantation owners could just report that the required work had been performed for each family that provided so much labor. (End of Mosler's example.) Of course they could also establish a colonial store that carried items the natives wanted which English manufacturers made and pay the natives more than just that required for the hut tax, which they could then use at the colonial store. And they could also offer to but things the natives could obtain by hunting or foraging such as ivory, feathers and furs.
This would offer a clear example of how money can be made to work and how power relationships operate. But it would likely be a bit too clear for many parents in the community. Damned Communist teacher! "It is not necessary to have hope in order to persevere."
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