Baradaran: The Neoliberal Looting of America
Mehrsa Baradaran, who wrote The Color of Money: Black Banks and the Racial Wealth Gap (a properly self-explanatory title), had a great piece this week in the New York Times-- not directly about education, but involving many points that folks in the education world will recognize. "The Neoliberal Looting of America" is behind the usual paywall, and if you have means to get past it, I recommend that you do. If not, here are a few key points.
By the 1980s, neoliberalism was triumphant in policy, leading to tax cuts, deregulation and privatization of public functions including schools, pensions and infrastructure.
Ronald Reagan aimed to unleash "the magic of the marketplace," and "neoliberalism led to deregulation in every sector, a winner-take-all, debt-fueled market and a growing cultural acceptance of purely profit-driven corporate managers." The rise of private equity firms have squeezed every last drop out of some businesses (see Toys R Us, J Crew, Hertz, etc). And while Baradaran notes that 2019 was the best year yet for the Captains of finance, she also notes that CONTINUE READING: CURMUDGUCATION: Baradaran: The Neoliberal Looting of America
