The politician is arguing against government intervention in the education market based on the assumption that parents always have their children's best interests at heart.
However, there are legitimate rationales for government intervention in the education market.
The politician is arguing against government intervention in the education market based on the assumption that parents always have their children's best interests at heart.
However, there are legitimate rationales for government intervention in the education market.
One such rationale is to address market failures, such as when markets fail to allocate resources efficiently or when there are externalities present.
For example, the private market in education may not consider the needs of disadvantaged or marginalized students, and government intervention can help ensure equal access to quality education for all students.