Marc Andreessen: belief

Transcript context

…But let's say you build a better education system somehow. The government is still going to be dumping trillions of dollars into the old education system or the old healthcare system. Do you just accept this as a lost cause that basically 50% of the GDP will just be wasted but we’ll make the other 50% really good? When you're building alternatives, do you just accept the loss of the existing system? Education is a great example. I think the incumbent education system is trying to destroy itself. It and the people running it, and the people funding it are trying to kill it. And they’re doing it every possible way they can. For K-12 they are trying to prioritize the teachers over the students which is the opposite of what any properly run company would do. At the university level, the problems in the modern university have been well covered by other people. They have become a cartel. Stanford now has more administrators than they have students. No company would run that way. There’s a positive vision where you could turn that into the Bloom two-sigma, single student for single administrator but I don’t think that’s what's happening.…

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