A lot of folks who are worried about the direction that education is taking in this country have said, over and over again, that this is partly an attempt by billionaires to amass even more money by controlling K-12 education and removing it from public, local control.
The lead story in today’s Education Week says that those worriers are entirely correct.
“Venture capital transaction values in the K-12 field, which include both public and private schools, increased from roughly $130 million in 2010 to $334 million last year, according to data from the Chicago-based GSV Advisors.
“Precollegiate education historically has not been an easy market for venture capitalists to break into, analysts say, but certain factors are contributing to a higher awareness of this market for investors.
“Venture capitalists generally look for ‘high-growth opportunities’ and rely on the ability to scale up new enterprises quickly, said Mr. Newman. So the common standards in English/language arts and math, for instance, which have been adopted by all but four states, are contributing to companies’ perception of a potential for fast growth in standards-related ventures across a larger market, he said.
” ‘[The common core] is breaking down some of those state-level barriers that made it challenging for folks [to achieve scale],’ said Mr. Newman. “
Let me point out that imposing a national, uniform curriculum on our public school students will not help if it’s a rotten curriculum. It’s just more diarrhea spread around everywhere.