May 16, 2014

Dreams Lost

In her book, How The West Was Lost, Dambia Moyo discusses the misallocation of labor resources caused by the high salaries paid to our sports heroes by society. The cost she points out is not the $442,000 per week that Kobe Bryant is paid for playing basketball, but rather the thousands of young boys, and now girls, who spend a large percentage of their time chasing the dream that only one in 10,000 reach.

Society loses, not because Kobe gains. Society loses because so many children, often with encouragement from parents, sacrifice their time dribbling a basketball rather than studying in hopes of making it big. Society loses thousands of future teachers, scientists or engineers to a dream where success is stacked against the dreamer.
Thus, our addiction to sports heroes is causing us to be less competitive to other parts of the world where ;education is valued more than a great athlete.

Our universities are encouraging these false dreams. More: http://bit.ly/FF1104iitl

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