How Wall Street Power Brokers Are Designing the Future of Public Education as a Money-Making Machine


Financial Capitalism–subordinating all processes of production toward amassing the greatest amount of excess monetary value through constantly changing financial networks–has nowhere left to turn besides the local after absorbing all international, national, and regional systems of output.

And we should not think that the educational channels–the Harvard Network as I have termed it in other places–are not conceived at this point as being something other than standing reserves for profitable control.

Valued at $1.3 trillion, the U.S. education market is more like a giant cauldron, and many of the individuals stirring it have a long track record of funding pro-charter candidates for state government across the country. Now… they’re setting their sights even further down the food chain, pumping big money into local school board elections, which have historically been the stuff of door-to-doors visits, town hall meetings, and fundraisers that yield a few thousand, or even just a few hundred dollars in campaign funds. As a result of their interest, it’s increasingly common for pro-charter school board candidates to outspend their opponents six to one, in races that are fast becoming the new front in the battle to privatize public education.

via How Wall Street Power Brokers Are Designing the Future of Public Education as a Money-Making Machine.

 

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