Perhaps guided by the old adage that you have to spend money to make money, the champions of education "reform" have poured billions into the effort to privatize and profit from America’s schools. Those funds are used on multiple fronts: launching charter schools, underwriting the political campaigns of politicians, and of course, investing in media to propagate the free-market privatization vision. Among the most visible properties in this effort is the Seventy Four, the well-funded, power broker-backed education news website run by former journalist-turned-school privatization activist Campbell Brown. Launched last year, the site’s reported $4 million annual budget comes from a collective of school privatization’s big hitters: The Dick and Betsy DeVos Family Foundation, Bloomberg Philanthropies, Jonathan Sackler (of OxyContin producer Purdue Pharma) and the Walton Family Foundation.
the atlantic monthly
Millennials, that perennial favorite topic of pundits, are back in the news. This time they’ve been dubbed the “Cheapest Generation” in a recent piece in the Atlantic Monthly.
There’s a lot of hoopla in the media about how Millennials are the best-educated generation in history, blah, blah, blah. But according to a Pew survey, that’s a distortion of reality. In fact, two-thirds of Millennials between ages 25 and 32 don’t have a bachelor's degree. The education gap among this generation is higher than for any other in history in terms of how those with a college degree will fare compared to those without. Reflecting a trend that has been gaining momentum in the rest of America, Millennials are rapidly getting sorted into winners and losers. Most of them are losing. That’s going to cost this generation a lot —and the rest of society, too.