Although I do somewhat agree with you on your last two points (I'm just throwing things out there), I still don't like your first two:
1 - If we were to live in a capitalist society there would be no public sector at all: no NHS, no national education, no road mantainance, no British Armed Forces, no police, no firemen. We cannot live in a capitalist society as there would be anarchy. We live in a mixed economy, in which everyone gets what is required for them to live. The idea is that noone can ever die on the streets.
2 - We are failing the race to become a knowledge based economy. As labour becomes more of a mobile industry thanks to the EU, and globalisation has forced the manufacturing industry east. Our country's economy will need to be based on knowledge, and EMA is a way to getting towards that. Of course, it's not perfect, as it leads to, the devaluation of our grades, but, on a global scale, it can be a lot more beneficial to have everyone achieving these grades, and very few scoring very highly.
At the end of the day, we could debate until the cows come home. It's fairly obvious that we're on different ends of the political scale (I'm basing this from your comment: "The government is not meant to intefere in the market by redistributing income." - whereas, I personally feel that Labour are too right wing).
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