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Five private schools spent as much on new facilities in one year as 3,000 Australian public schools
(www.theguardian.com)
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In Finland, 99% of education on all levels (primary through university) is public. Private schools only exist to serve very special needs, and are not allowed to charge exorbitant fees.
Finland has got some of the best academic outcomes in the world. It goes to show what you can do when you invest in public education instead of starving it of the necessities.