Home > Uncategorized > Naked Capitalism Reports on the Negative Consequences of Philanthrocapitalism

Naked Capitalism Reports on the Negative Consequences of Philanthrocapitalism

My favorite blogger, Yves Smith, wrote a post today describing how the oligarchs use their power to indoctrinate the public and advance their own agendas. Using a New York Review of Books article and a blog post by Inside Philanthropy blogger Mike Massey as a springboard for her post, Smith offers several examples of the “cognitive capture initiatives” launched by the philanthro-capitalists. Because she omitted one of the hugest “cognitive capture initiatives” I offered the following comment to her post:

No public enterprise has been “rescued” by seemingly well-intentioned philanthropists more than public education. The philanthropists’ have successfully convinced the public that public schools would be better off if they were subjected to market forces, run like businesses who are answerable to shareholders, and measured by standardized achievement tests that assume the one-size-fits-all industrial model of schooling established in the 1920s is inviolable. Philanthropists have underwritten studies and pilot programs that use the cold analytics of data analysis combined with test scores to impose “value added” measures to reward good teachers. And, as we’ve just witnessed for 7 years, this “run schools like a business” mental model has captured the imaginations of both parties. When you child cannot experience art, music or PE because they need to boost their test scores, send your thank you notes to the philanthropists.

 

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