The Billionaires Boys Club.
JUNE 15, 2010
It was Diane Ravitch who coined the name, “The Billionaires Boys Club,” to describe the crew of hedge fund managers and philanthropists who are the angels behind the union-bashing and private management charters that the Obama administration seems so infatuated with.
In a Democracy Now! interview with Amy Goodman and Juan Gonzalez Ravitch explained:
“The Billionaires Boys Club” is a discussion of how we’re in a new era of the foundations and their relation to education. We have never in the history of the United States had foundations with the wealth of the Gates Foundation and some of the other billionaire foundations—the Walton Family Foundation, The Broad Foundation. And these three foundations—Gates, Broad and Walton—are committed now to charter schools and to evaluating teachers by test scores. And that’s now the