Final answer:
Technical monopoly refers to a situation where there is a single entity or organization that has exclusive control or dominance over a particular technical aspect in a specific industry or sector. Milton Friedman suggests decentralization and competition in schooling to address the problem of technical monopoly.
Step-by-step explanation:
Technical monopoly refers to a situation where there is a single entity or organization that has exclusive control or dominance over a particular technical aspect in a specific industry or sector. In the context of nationalizing schooling, a technical monopoly would mean that the government has complete control over the teaching techniques, curriculum, or standardized testing in all schools.
Milton Friedman, an economist who supported free-market capitalism, believed that government control and intervention in the education system would lead to inefficiency and lack of innovation. He argued for decentralization and competition in schooling, suggesting that parents should have the freedom to choose schools for their children, and schools should compete for students based on their performance and quality of education.
Personally, whether to agree or disagree with Friedman's perspective on nationalizing schooling would depend on individual beliefs and values. Some might argue that government control can ensure equal access to education and standardize the quality of education across the country, while oth