Regarding socialisation, home educated kids are learning social skills in the "real world" rather than in a class of 30 kids the same age as them (so like 3x0 8 yr olds) and the teachers who are "authority figures" which often creates an unpleasant power dynamic as there is a need for control. In home education there is a wide range of ages and experience and more of a mutual respect between adults and children. It's difficult for people who don't have the experience to grasp. I was there 16 years ago, thinking I was crazy for removing my eldest from state education - but it was pretty swift learning curve, once I was plunged into it.
One additional thing that just came to mind is how schooling affects the parent-child bond, especially when both parents work, as it's the often the case nowadays. Children mostly experience their parents in stressful situations. In my opinion, this has unthinkable far reaching consequences.
When you talk to relatively older people, like 50+, you realise that they had much more freedoms. Already in early age, they could roam the streets unsupervised, socialise, play, explore with other kids. This would be unthinkable today, especially in a big cities. A tragedy!
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