Public education is a good example of something that, at present, is largely a failure. We've been losing ground to other countries for years and costs are out of control. Much of it is a near set of localized monopolies with heavy union representation that demands more and more things that are unsustainable - at least in some states. In my state, the average age of retirement is 55. Why is that necessary or appropriate? Why encourage younger teachers to retire early with plum retirement plans? People are fully capable of working into their 60s and likely are happier when they do so. Our colleges are great because the system remains competitive internationally but prices are way out of control much like health care. Why is that? We've turned NASA which started out as an incredible national asset has turned into a kind of procurement machine rather than doing any real development or innovation. Is that the right direction? Meanwhile private commercial efforts like Blue Origin and SpaceX continue to move forward. I just don't have a lot of confidence in government in running things and nationalizing anything in particular always ends up creating a huge cost burdens. Social security started out as a great idea and made sense when it was conceived during the great depression but it's it's a huge tax burden and should probably be restructured. Why does everyone need to participate in a forced retirement savings plan that gets 1.5% return every year?
If I may I would like to add something out of the box on this, since I think there are some fundamental flaws in this. Which another American will not point out.
Yes, there is a certain losing of ground in this arena to the other nations, but in my book this is exactly because there is too much focus on money and individualism. First of all your system isn't paying college tuition to students in mass. What means that many can't afford to go to college and with this you are locking out a fair chunk of people who have academic talent from achieving anything in that sphere. Therefore since you don't carry your people all the way you will probably have worse end results next to someone who does. I got out of college with 0$ in debt and that means that I can right away start to take life fully and take away opportunities of young people in USA. While I will work for less since here everything is cheaper, I have no debt and medical bills can't crush me. Therefore the odds are that on global level someone like me will be more competitive. I mean this isn't about me, but pointing the principle.
But there are more complicated factors here. In USA top schools seem to educate very large amount of students that are foreigners, however in doing so you have not enough space for your own students. In my country in the case that we have so many foreign students as in USA there would be large riots by students and nationalists ... and after that the ruling party that introduced this would lose elections all over the map. In other words probably the main reason why the college prices jumped so much is exactly because you are educating rich kids from all over the world, or talented kids that are here with some kind of corporate scholarship. However your own people can't match that and they are left to survive in this gloomy economy where everything is getting outsourced. While what is extra absurd now there are tens of millions of people out there panicking over the "dangerous president" which is constantly repeating "America first" and wants to barricade the nation. I mean are these people blind !? This sentiment didn't come out of nowhere and calling it racist is missing the point. Plus to make it more absurd good chunk of those foreign students don't work in USA in the end, but instead they go home or wherever and then they compete with USA. Which is now full of people that lack proper education, since foreigners took their place because they have more money.
In other words the root of the problem is too high emotional price of the money, something about what Americans often don't like to think about. If something is profitable or more profitable America will find the way to rationalize such practices, even if in practice things will be clearly down the hill. This is exactly how you created modern China: it was very profitable ... so we did it. In America everything is fairy expensive but that is by large margin because everyone needs healthcare and education, which are constantly ballooned through various market mechanisms due to demand. Therefore everyone needs to request large amount of money for their work in order to cover those two (what is un-competitive btw.). For decades you are electing people who don't really believe in government solutions or people who are funded by those who don't believe in government. Therefore it is no wonder that your government isn't working, it would shocking that things are going any other way from where they are going.
Plus from what I have seen your private space industry is getting subsidies. This is exactly why your public space industry is on halt. (this is what I have heard, I am not 100% sure this is correct)
My 2 cents