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Billionaires Agree: Why Doing Bad in School is Good...
No jobs for a misled, mis-educated generation.
According to The Wall Street Journal, hundreds of thousands
of new college graduates are entering a work force that has
no use for them. While two million U.S. college grads
remain unemployed, kids with $200k educations are competing
for jobs waiting and busing tables, delivering pizzas,
serving as bouncers at night clubs and baristas at
Starbucks. Those who’ve gone the distance to earn Ivy
League law degrees may be joining other Ivy League law
grads working as census takers, file clerks, and substitute
teachers. Sorry Class of 2010, your education has failed.
If you’re a recent college grad, you’ve likely spent your
entire academic life training to be irrelevant in our new
economy. Not only that but you’re likely to be tens if not
hundreds of thousands of dollars in debt for an “education”
whose economic bubble just burst.
It’s not your fault. It’s not your teachers’ fault. It’s
our education system’s fault, which – like all industrial
era machines – keeps churning out students just the way it
was designed to over 100 years ago. Only industry doesn’t
need what it needed a century ago.
Want to know what university graduated the most
billionaires? Actually none of them did. The best degree to
have if you want to become a billionaire is “dropout,”
which is credited for generating more billionaires than any
other college or university (73 to be exact, according to
ABC News – Harvard comes in a distant second with just 50
to its credit.) Most didn’t get the memo, but the smartest,
richest self-made billionaires were astute enough to ditch
class and dropout of this irrelevant archaic education
system. Billionaire dropouts include many of the most
forward thinking entrepreneurs of our time such as Bill
Gates, Steve Jobs, Richard Branson, Michael Dell, Sheldon
Adelson, Larry Ellison, Paul Allen and about 70 other self-
made billionaires.
Trained to Fail:
After all the hard work it took you to survive seventeen
years of this archaic, industrial era academic system,
you’re about to discover it was all a giant mistake. You’ve
been trained to fail in the worst possible sense; because
you’re not even failing at what you naturally love to do –
you’re failing at what you’ve been trained to think you
should do. And the new global economy doesn’t give a rat
about the promises you were made. “Get good grades, so you
can go to a good college, so you can get a good job,” is
yesterday’s news and it’s about as helpful as knowing
yesterday’s lotto number.
Industrial era schooling has probably trained you to follow
instructions (instead of blaze your own trail), engage in
rote learning (instead of deep, thoughtful exploration),
work for grades (instead of your true passions), and
develop a docile, domesticated disposition, dependent on
the “the system” for security and employment (instead of
developing your own rugged individualism). You’ve been
taught to avoid experimentation and risk, because straight
“A” students are trained to think they need to “get it
right” at least 90% of the time, (instead of learning to be
comfortable taking big risks with the confidence that if
you can just “get it right” 20% of the time in the real
world, you’ll be among the most successful entrepreneurs,
pioneers, innovators and creative risk-takers in the world.
9 out of 10 new businesses and creative ventures fail. Get
a 2 out of 10 success rate in the real world and you win.
Get 5 out of 10 right in school or as an industrial age
factory/knowledge worker and you still fail.) Bottom line
is, school’s trained you to fail outside of anything but
the artificial bubble of “higher education” and the
American industrial age economic system, which we have just
watched collapse.
Taught to Think Like a Dinosaur:
This whole fiasco wasn’t malicious, but rather a
consequence of a school system designed over a century ago,
for what was necessary to drive last century’s
industrializing economy. The U.S. school system was
designed in Germany around the turn of the last century to
fuel the industrial revolution. That’s where we got much of
it from – even the name “kindergarten” (literally “child
garden” – a place to grow kids.) The need then was for good
factory workers and managers who did what they were told
and followed procedures. So the school system wasn’t
designed to foster free thinking, a pioneering spirit,
innovation, or passion – in fact it was designed to snuff
out those traits; it was designed to replace your natural
inclinations, curiosities, and creativity with the
compulsive desire to earn good grades and subordinate to
the system. Instead of learning and working for passion,
you were likely trained to learn and work for performance
evaluations and your supervisor’s approval.
This worked on a national scale when graduates joined a
massive workforce mobilized to build and man factories. In
that era industrial citizens needed to be docile and easily
trained to execute policies and procedures, day in and day
out, without question or revolt. When industrialization is
still the name of the game this approach works.
Back then two major realities of today didn’t exist:
computers and a telecommunication-driven global workforce.
With these two factors squarely in place now, there’s
either a computer or someone in India or China’s newly
educated workforce who can perform the same tasks, for
which our school system trained you, for less than $20k a
year.
If you are happy to do what you are told and work for about
$20k per year, then your industrial era education may still
serve you well for years to come. But if you’re a creative,
pioneering soul who thought you were being trained to
innovate, start companies, and blaze new trails in the
global economy, then you’ve been duped.
Some of us have been warning about this for many years, but
now it’s finally happened – with 17% unemployment for our
latest generation of college graduates, many of which are
now burdened with huge student loan debt that can’t even be
escaped through bankruptcy – U.S. education is proving to
be not only pathetically irrelevant, but a ridiculously
expensive mistake – epic FAIL.
Our Saving Grace:
It turns out the U.S. still has an edge in one area –
despite our public education system’s apparent
determination to rid our brightest students of it – and
that edge is American ingenuity. American ingenuity isn’t
just folklore; it’s natural selection. For centuries
America has attracted the most adventurous, innovative,
pioneering people from every country on the planet. And
these pioneering souls passed their pioneering genes on.
Genes like the DRD4 7R, associated with a novelty-seeking,
exploratory, pioneering mindset, have been shown to be over
twice as prevalent in the U.S. as it is worldwide.
Don’t get me wrong, you don’t have to be American to have
this gene (and the abundant creativity that comes with it),
because if you’re impulsive, bored easily or ever suspected
you might have ADHD or BPD, you most likely have the DRD4
7R gene (or one that does roughly the same thing). Other
countries with high rates of the DRD4 7R gene include
Australia, South Africa, Singapore and Dubai – all of which
have attracted high concentrations of creative risk-takers
at at least one point in their history.
While the industrialization of America provided a high
standard of living, we have paid the price for it with
epidemic rates of addiction, depression, and anxiety
disorders. This is because we as a population have forced
ourselves to conform to a disposition that is literally
antagonistic to our genetic temperament. We are natural
born explorers, creative risk-takers, and pioneers who have
been cooped up in industrial era classrooms for far too
long. And this confinement (and subsequent sublimation of
our creativity) has taken a toll on our mental health.
We Americans can only sustain our lifestyle if we focus on
maintaining our edge as the seat of innovation and progress:
not factory workers, not bureaucrats, and certainly not the
kleptrocrats whom frustrated creative-risk-takers all-too-
often become when they are taught to abandon the passions
of their hearts and instead chase external validation. When
these naturally creative risk-takers, deformed by our
intolerant school system, are put in the role of bureaucrat,
kleptocratic looting becomes their “creative” outlet – and
what they create is disaster and chaos – think Enron,
Halliburton, Goldman Sachs, and BP to name an infamous few.
So What Do You Do Now?
If we want to recover from our industrial-sized hangover,
we need to retool our idea of what education should be. (In
fact our current educational system defies the very word
education, because – as Russell Bishop once pointed out to
me – educate comes from the Latin meaning “to draw out of,”
which is the Socratic style of teaching, not “to put into,”
which is the didactic style of teaching inflicted by our
school system.) We need to offer the kind of real education
promoted by the likes of Socrates, Plato, Emerson, Thoreau,
Alcott, Einstein, Edison, and Henry Ford. The kind enjoyed
by Bill Gates and Steve Jobs, who both lucked into having
rather unconventional educational experiences, which
fostered inner direction, passion, creativity, out-of-the-
box thinking, and freedom to take risks – lots of risks.
This type of education is also the most effective for our
most energetic and creative students. Right now these kids
are being labeled ADHD and medicated to suppress their high
energy, and fluid, creative temperaments; biochemically
forcing bright creative children to conform to an
antiquated idea of learning, which is tied to a sinking
ship. These highly creative kids don’t have a disorder –
our system does.
If you’re an impulsive creative risk-taker, then this is
your wake up call. We need to wake up. We need to learn and
help our children learn to be dynamic entrepreneurs,
innovative inventors, and accomplished artists. That is
what the new global economy demands. We need to get back to
the roots of American prosperity when the leaders of
industry didn’t get paid fat salaries and juicy bonuses for
manipulating the system and chop-shopping our
infrastructure, but instead thought like true entrepreneurs
who gain prosperity through courageous, resourceful,
creative pioneering.
We need to create and participate in more pursuits
emphasizing innovation and difficult problem solving (
instead of mere rote learning) like the Imagine Cup, where
students compete to innovate technology to help solve some
of the world’s toughest problems–including eliminating
poverty, halting the spread of HIV/AIDS and malaria. It’s
“one of the most important science competitions in the
world” according to Bill Gates and yet most U.S. high
school and college kids aren’t even aware of it, because
they’re too busy trying to keep up artificial grades. (If
you’re interested, The Huffington Post is hosting a contest
for student journalists to win a trip to this year’s event
in Poland.)
The ones who prosper in a new world of rapid innovation and
constant upheaval are not the compliant, dependent,
directionless students we’re churning out of our cog-in-the-
wheel education system. Those who prosper in a new world
are those cut from the same cloth as the great American
heroes: the kind who could shoot from the hip, the kind who
could think on their toes, the kind who were comfortable
with risk and uncharted territory, the kind who could
invent unthinkable things like the airplane, the integrated
circuit, and the Internet.
If you’re graduating with the class of 2010, your best bet
is not to wait and hope for industry to save the day and
rescue you from your jobless purgatory. Your best bet is to
reconnect with your passion, your God-given brilliance,
your ingenuity, and go ahead and invent the industry that
will save the day.
I leave you with a couple quotes from the masters:
The only thing that interferes with my learning is my education.
Albert Einstein
Just as eating contrary to the inclination is injurious to the
health, so study without desire sports the memory, and it retains
nothing it takes in. Leonardo da Vinci
Education is what remains after one has forgotten everything
he learned in school. Albert Einstein
If art is to nourish the roots of our culture, society must set
the artist free to follow his vision wherever it takes him.
John F. Kennedy
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He who wishes to be rich in a day will be hanged in a year.
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