Is Mass Education Still Working?

Between 20 and 30 students sit at desks in a classroom facing the teacher. The teacher is the boss, instructing in English, maths, arts and physical education.

Am I describing today’s classroom, or one from the 1920s?

The classroom of today stems from and is little changed from its original 20s design. Its ‘one-size-fits-all’ functionality was developed to answer two needs. Political and infrastructural. Politicians believed in order for people to vote they should have basic education. The most uniform way to achieve this was a mass system with basic standards applicable to everyone. And the infrastructure needed a workforce. School was basically a training ground to develop a workforce fit for the industrial revolution. It still is.

The problem is, the current education system is preparing our children for jobs that don’t exist anymore. Their skills will be irrelevant.

This is a topic Sam Volkering has covered before here at Port Phillip Publishing. As Editor of Australian Small-Cap Investigator he provides detailed research and analysis on some of the brightest, smallest listed companies on the ASX. On this matter he says:

There’s no point continuing with a system that creates future workers for an industrialist and capitalist system. That doesn’t exist anymore. Even where it remains, it’s out of date.

We need to overhaul the way our children are educated. Let’s set them up with the best chance at having a successful future. It’s in our best interests, after all.

We are at the beginning of such an overhaul. The forward thinking educators are out there. They see that the government directed education systems just aren’t good enough. They know that changing the system from the inside isn’t the way to go. These innovative companies are leaving traditional education behind and thinking outside the mass produced box.

Using modern technologies, these ground-breaking companies are gathering momentum all around the world.

An easy way to find the top companies in educational innovation is to look at the Bett Awards in London. The BETT awards is the world’s leading learning technology conference. Each year it brings together the best in innovation and new learning technologies from all over the world.

The nominated companies provide educators with the information, ideas and inspiration that are fundamental to the learning process. The awards are considered by many as the most esteemed accolade in the industry. They are also fast becoming more and more difficult to win.

3P Learning [ASX:3LP], an Australian company, has been shortlisted for six awards this year.

In 2015 3LP impressed a number of judges. They were finalists in ‘Primary Digital Content’ and ‘Bett Exhibition Stand of the Year’. They also won the award for ‘Best Whole Course Curriculum Content’ and ‘International Digital Resource’. This is amazing for a company that only started in 2004.

3LP have four products: Mathletics, Spellodrome, Reading Eggs and IntoScience. And conveniently they’re fairly self-explanatory. These elearning programs are designed to make learning fun and engaging for kids from kindergarten to grade 12. This is a huge market. And the fact that these programs are based on innovative and evolving technology is significant. It prepares children for adult life in the modern world. More than their subject, it is how these subjects are taught that engages with kids. And the kids’ engagement has been crucial to 3P’s success so far.

This year the six awards that 3LP are shortlisted for are:

  • Primary Digital Content in a core subject:Mathletics
  • Primary Digital Content in a core subject: Spellodrome
  • Primary Digital Content in a core subject: Reading Eggs
  • Secondary Digital Content: IntoScience
  • Best Whole Course Curriculum Content: IntoScience
  • ICT Company of the year (£3m+ turnover):3P Learning

The winners will be announced tomorrow, 20 January, in London.

Sam Volkering has covered this company at length in Australian Small-Cap Investigator. He first introduced his readers to 3P Learning way back in July 2015. Sam hones in on companies whose shares trade for cents on the dollar. He has one simple objective: to make you big money from small stocks. While the rest of the market is going down, these stocks are bucking the trend. If you would like to find out more about Sam’s meticulous analysis on the small-caps of the ASX, click here.

By Sophie Hobbs

Contributor, to Money Morning


Money Morning Australia