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Saturday, July 4, 2020

CURMUDGUCATION: Baradaran: The Neoliberal Looting of America

CURMUDGUCATION: Baradaran: The Neoliberal Looting of America

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.


Baradaran traces the history and growth of neoliberalism's "ideological coup" that transformed our society, rising out of post-war concerns about them damn commies, rising through the sixties, until

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