Economics of Education

It is a prevalent belief in certain circles, that education is a panacea for all social evils...I belonged to that club. The belief is founded on a myth, that education gives you a choice, a determination of livelihood, if not of life itself. Granted, if education gives you awareness, ability to think, assess, critically analyse, have an opinion...then those are all steps in the right direction. But, one usually takes a more particular stance of education removing global hunger, poverty, environmental crises, class disparities. Somehow, even within the educated class, providing education to the poor, is seen as a solution, that by providing economic security, resolves all other individual and social manifestation of poverty.

I have recently been thinking...questioning the premise...if all 6 billion of us were educated, capable of making a choice, would there still be choice?Would the world turn into a Lenon-ish Imagine-able utopia? or would the 'choice' still remain select, finite, now drawing from a much larger pool of wannabe capables? would not the global, market driven systems, then quickly short change the now redundant educated masses, for a rarer species of say, garbage collectors?

Probing, further, into shakier economic grounds, it appears that education cannot create wealth. Education leads (most frequently) to white collar jobs and allows flourishing of service sectors that help redistribute wealth. But can the entire global population become service providers-to the top percent of the truly wealthy, individuals, corporations, governments -the ones with wealth and capacity/power to generate wealth? What creates wealth? or more pertinently, who creates wealth? And can this wealth be created without the support (willing or abused) of global people, global resources. Is wealth, not just commodity - necessary or desirable?monetary currency just a facilitator of the earliest barter system for exchanges of goods? Then, how can education, generate wealth, prosperity, and ultimately peace? Are we chasing a pipe dream - or deliberately keeping our eyes closed, that we can dream a dream, not fully black?

Or...I am thinking completely wrong about this, and someone will tell me how- to let me dream a dream.