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Singing The Praises Of Market Discipline…

…AS H.M.S. UNBRIDLED PRIVATE ENTERPRISE SLIPS BELOW THE WAVES.

One might think that on an occasion when Alan Greenspan, former chairman of the Federal Reserve Board and disciple of laissez-faire market evangelist Ayn Rand, declares that the bankruptcy of Lehman Brothers has created a financial crisis and economic meltdown unlike anything he had experienced in his lifetime, it would be a propitious moment for the advocates of educational privatization to take in a movie, go for a walk on the beach and check out post-Labor Day vacations in the Bahamas.

Not Mike Petrilli of the Fordham Foundation. In what has to be one of the more classic expressions of an ideological true believer among educational conservatives, he decides that now is the moment to express his regret that public school systems don’t end up on the same scrap heap of unfettered capitalism as Lehman Brothers.

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1 Comment:

  • 1 Fed bailouts and public schools « Trying Liberty
    · Sep 18, 2008 at 11:06 am

    […] bailing out their largest and most troubled school districts: Predictably, some education analysts are already pointing to the market meltdown as a cautionary tale about deregulation and “privatization.” I don’t […]