"Conspiracy of the Rich" …what they do not teach us at the university!!!

Article published on May 14, 2009
community published
Article published on May 14, 2009
"What did you learn about money at school? Have you ever wondered why our school systems do not teach us much-if anything-bout money? Is the lack of financial education in our schools simply an oversight by our educational leaders? Or is it part of a larger conspiracy?" “Regardless, whether we are rich or poor. Educated or uneducated, child or adult, retired or working, we all use money.
Like it or not, money has a tremendous impact on our lives in today’s world.”

Quite interesting points!! This is an extract from Robert Kiyosaki's new book "The Conspiracy of the Rich" that I was able to read the first pages online. http://conspiracyoftherich.com/read/toc (check the widget at the end of the page of the blog)

In his book one of the points for the thesis he is trying to put forward is that school does not necessary prepares us for the real world and very important issues in life such as financial education and the role of money in life are issues where the educational system remains silent! I agree! Why don’t we learn something about money at school or at the university, why nobody explains how it works but everybody finds sufficient to say that rich are rich because they steel. Really? An easy excuse but very far from today’s realities.

At the moment, some European countries are reforming their educational system and students oppose strongly to these reforms (France, Spain, Greece). I believe to have understood the new reforms but what I have better apprehended is that the reforms as their opponents are once again far away from the real causes that make an educational system insufficient. Both sides are “hors sujet”.

I agree with Napoleon Hill who wrote in 1939 (“Think And Grow Rich”) that there is something radically wrong with a civilization and a system of education which permit 98% of the people to go through life as failures. And if this is not true can anybody explain me why in many European countries most of young people are educated, better say “overqualified” but they do not have a job or they are obliged to work for very little money in spite of their “good studies” and consequently they can not plan their life or dream about a better future. Why did I have to go to the university in order to “carry the bag” of my professors, or later that of my bosses. Why did we have to go to the university in order to be modern slaves?

“Is it about a simple oversight by our educational leaders or is it part of a larger conspiracy?” Conspiracy you will ask why? The answer comes a little later at the fourth page: “I‘ve often marvelled at the lack of financial education in our modern school system. At best, our children are taught how to balance a check book or speculate on stocks. But they are not taught how to read a balance sheet or to understand what makes a business profitable. This seems to ensure that the best and brightest students in our country will end up working as high-paid employees-not as partners-which in turn allows for the consolidation of both money and power.” I am afraid students do not apprehend all the above concerns when they protest. They understand that something is wrong but I hope they grasp that necessary educational reforms is not about some administrative reforms such as the status of ‘chercheur” in France or the abrogation of the university asylum or the recognition of professional rights to the graduates of private universities in Greece. I hope we get to see the forest and not just some trees..