Thursday, August 24, 2017

BC Liberal Leadership - Job 3


Human Capital is the sub straight of the human endeavour, we all know it, we all say it, but the truth is, this value fails to find complete expression in our present governance. In order for British Columbia to excel relative to other jurisdictions, the development of Human Capital must be the primary focus of Government. I believe it is the case that, jurisdictions that facilitate the conversion of new knowledge into useable products and services are the jurisdictions that will prosper. We can readily quantify the benefit of the application of knowledge, that is to say,  we know the increased tax revenue garnered from dentist relative the norm for example. Government tax revenue is a direct product of any given jurisdiction’s population’s ability to generate income. Increase aggregated intellectual capacity and you increase government revenue.  Education should be accounted for under a WIP account as opposed to an expense account and a graduate student should be viewed as a capital asset - education is infrastructure spending of the greatest significance. We can afford to be generous here, the fact is, we would be remiss if we failed to invest heavily in education.

In many of our institutions, more money just means more spending – this is true to a degree with our educational complex. We have failed to take complete advantage of self-directed and technology driven delivery platforms for education.  Our educations systems are constrained by present structures and credentialization processes.  There needs be a focus on an increased velocity in the distribution of knowledge, so as to facilitate the province's prominence in the conversion of latent technology to marketable products and services,and perhaps most importantly, to compete with jurisdictions like China, India and others which are generating massive volumes of trained professionals every day.

Post a Comment