Wednesday, September 24, 2014

Marc Faber : I strongly agree with Decentralization & Privatization of Schools



Global Gold : What are your thoughts on the privatization of schools? Do you think it’s a good idea? 

Marc Faber :  I strongly agree with decentralization. Generally, in small societies, democracy is more successful than in large societies. In countries like India or the United States, the federal government has become so large that they take decisions that are not necessarily in the interest of the individual. This is different from Switzerland, where we have municipalities, “Gemeinden”, and states, “Cantons”, with a lot of decentralized power, which I find very desirable. Well, I think that the privatization of the school system is by and large a good idea, but not necessarily everywhere. In some societies, schools that are run by the government are actually quite good, like in Switzerland, Finland, South Korea, Japan, Norway, Sweden and Denmark. However, in others they are a complete failure like in the United States where everyone with a higher income sends his children to private schools. That is very different in Switzerland. Overall, I think in some cases a public school system that is run by the government can be successful, but in most cases, it is a failure.




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.