BILL MOYERS: We’re talking about big money, aren’t we?

DIANE RAVITCH: Absolutely. Minimum, at least, from the estimates I’ve seen it’s a market of $500 billion. Now we–

BILL MOYERS: A year?

DIANE RAVITCH: Yes. An annual market of $500 billion. So the entrepreneurs do see it as huge opportunities to make money. There are now frequently conferences, at least annually, conferences on how to profit from the public education industry. Now I never thought of public education as an industry. But the entrepreneurs do see it as an industry.

They see it as a national marketplace for hardware, for software, for textbook publishing, for selling whatever it is they’re selling, and for actually taking over all of the roles of running a school. This is what the charter movement is. It’s an effort to privatize public education, because there’s so much money there that enough of it can be extracted to pay off the investors. But I think what’s at stake is the future of American public education.

I’m a graduate of public schools in Houston, Texas, and I don’t want to see us lose public education. I believe it is the foundation stone, one of the foundation stones, of our democracy. So an attack on public education is an attack on democracy.

Moyers & Company

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