The Charter School Kleptocracy
According to U.S. Census data, well over $800 billion is spent on education, public and private, at all levels in the United States each year.20 This makes it roughly the same size as the U.S. trade deficit with China. The private sector wants to get its hands on this money. Along with politicians, it is determined to break the power of the teachers’ unions and to attack one of the last bastions of decently paid American workers. The budget problems resulting from the current recession will provide them cover in doing this.
The Walton Family Foundation of Wal-Mart is the single biggest investor in charter schools in the United States, giving $50 million a year to support them.21 The Waltons specialize in giving money to opponents of public education. “Empowering parents to choose among competing schools,” said John Walton, son of Wal-Mart’s founder, “will catalyze improvement across the entire K–12 education system.”22 According to a National Committee for Responsive Philanthropy (NCRP) report, “Some critics argue that it is the beginning of the ‘Wal-Martization’ of education, and a move to for-profit schooling, from which the family could potentially financially benefit. John Walton owned 240,000 shares of Tesseract Group Inc. (formerly known as Education Alternatives Inc.), which is a for-profit company that develops/manages charter and private schools as well as public schools.”23 Wal-Mart is a notorious union-busting firm, famous for keeping its health-care costs down by discouraging unhealthy people from working at its stores, paying extremely low wages with poor benefits, and violating child labor laws. The company has reportedly looted more than $1 billion in economic development subsidies from state and local governments.24 Its so-called philanthropy seems also to be geared to the looting of public treasuries.