This argument is wrong on education.
It is true that schooling is often low quality and positional, but even so there are stacks of evidence showing that it is still socially productive, eg
http://www.sciencedirect.com/science/article/pii/0305750X94900078
This argument is wrong on education.
It is true that schooling is often low quality and positional, but even so there are stacks of evidence showing that it is still socially productive, eg
http://www.sciencedirect.com/science/article/pii/0305750X94900078