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Originally Posted by Asuras
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The article is both right and wrong. US schools are #1 when it teaches students how to think, but they apparently gave the kids too much freedom NOT to learn anything, and the helicopter parents too much leeway in influencing the kids NOT to learn, thus creating a knowledge divide within the society itself.
In fact, how the American kids came up with the way to do naked short-sells is an indication of success of the education system, in the wrong way. Asian education systems simply teach us all to learn anything they teach, and not learn anything they don't - hence we are the BUYERS of those complex financial products those American kids created and SOLD to us.
Asian teaching systems teach the kids not to go anywhere. Western ones teach the kids to find a way on their own to get somewhere, but the wealth of society gave them the "do it or don't, it is your own onus" choice.