CURMUDGUCATION: Noblesse Oblige And the End of Public Education

CURMUDGUCATION: Noblesse Oblige And the End of Public Education

Noblesse Oblige And the End of Public Education

Maybe you don't usually get around to reading David Dawkins, the Forbes staff member whose beat is billionaires. But back in October he ran an interview that should send a familiar chill through those of us who follow the great education disruption debates.

Dawkins talked to Josef Stadler, the head of Ultra High Net Worst at UBS (the big Swiss bank, about why folks don't trust billionaires these days, and why they probably shouldn't. It's a conversation that echoes much of Anand Giridharadas in Winners Take All, but Stadler offers one further observation about the future.

In “the future”—Stadler pauses—“it is likely that those who benefit most—the entrepreneurs—will substitute public institutions when it comes to the big questions of our lifetime. [Only] they have the money. The public side …” by that he means governments, “will no longer have the money” needed.

Stadler predicts a future where the needs of society are met by the generosity of the brightest, best and richest “entrepreneurs” and business “leaders” of the age—the likes of Buffett, Gates, Branson and Soros.

“We’re going to see the return of something that went away at the end of the 19th century,” he pauses, “the reemergence of a benevolent aristocracy, supporting the people because the public is running out of money.”

We have, of course, seen the beginnings of this in education, most notably with Bill Gates attempt to single-handedly fund a redesign of US education. We see it also in the choice movement-- hand public education over to entrepreneurs and under the magical sway of market forces, they will CONTINUE READING: CURMUDGUCATION: Noblesse Oblige And the End of Public Education

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