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The Split Over Profits

In his most recent post, Jay Mathews thinks he sees a surprising split in the school reformer monolith.

Critics of current trends in education reform, such as historian Diane Ravitch, often complain that they are up against a phalanx of business executives and rich investors more interested in making money than improving schools. These people, the critics say, march in lock step to replace our traditional public schools with charters, vouchers and online campuses so they can squeeze profits out of taxpayer dollars.

That sense of unity among the corporate types has been shattered in the past few weeks by a bitter quarrel between two of the reform movement’s most prominent leaders.

As it turns out, the dispute between these two “most prominent leaders” started during a prevention at something called the Value Investing Congress and has far more to do with profits and stock prices than it does improving student learning or other educational policy. One says stock in K12 Inc, “the nation’s largest private operator of public schools”, is a good investment, the other is selling short (which I gather is a negative view of the company).

Mathews extends this trivial financial disagreement into a major split in the reform movement. Instead what he has stumbled onto (and largely ignores) is one of the primary reasons why any improvement of American education has been stagnating over the past decade.

The only monolithic thinking here comes from investors who believe that schools are a good place to increase revenues, with politicians happy to help since it means they can move the money that was being spent on kids somewhere else (plus the investors might kick in some campaign contributions).

There’s a reason why “K12 revenue has grown 32 percent annually for the past decade”, and corporations like Pearson and NewsCorp are working hard to develop standardized materials tied to Common Core and testing systems, plus devices to deliver both.

And it has nothing to do with “the debate over what works best for our kids”.


  1. Jenny

    Does this mean you’ve found an RSS feed for his stuff? Or are you just so on top of things that you manage to read him without that aid?

  2. tim

    Jay’s posts appear in the general education feed from the Post (http://feeds.washingtonpost.com/rss/local/education) so I haven’t bothered to track down one for him specifically.

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