ABSTRACT
Most scholars are already aware of the problems of market allocation and education. The market will always allocate resources according to ability to pay or what is referred to as effective demand. In the context of education, market allocation always means access to educational resources will roughly correlate with access to economic resources. This gives rise to a class-based system of education. In any society where education resources are allocated along the lines of income disparity, education becomes a social privilege. Moreover, this social privilege in turn can create a vicious cycle where only the privileged have education and the educated are privileged.
