There’s also promise in some Bowlesian projects that are already underway.
For instance, in the past few years, Community Action New Mexico has helped approximately 800 New Mexicans set up “individual development accounts”—basically savings accounts on steroids. After completing a financial-ed class, IDA holders eventually have their savings matched 4-to-1, giving them a start toward buying a home, paying tuition or starting a business. ....The IDAs aren’t ideal. Not everyone qualifies. And what if somebody starts a business that fails, buys a home that falls in value or decides to study a vanishing trade (say, journalism)?
This is where Bowles has yet to be heard.
The single most important factor to success in America is “one’s choice of parents. . . .”
What about natural intelligence? . . .
What about education?
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