The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Billionaires Descend on L.A. Schools

Mar 4, 2013

New York mayor Michael Bloomberg, a billionaire businessman, has donated one million dollars to the “Coalition for School Reform” – to be used in the March 5 elections for three Los Angeles school board seats.

Two other billionaires, real estate investor Eli Broad and media magnate A. Jerrold Perenchio, have also made big donations, $250,000 each, to the same organization.

The money is going to three candidates who support charter schools. One of them, in particular, is running to unseat incumbent Steve Zimmer, whom the Coalition definitely wants out.

Zimmer is not necessarily against charter schools either. But after numerous scandals – such as charter bosses stealing money and telling teachers to cheat on state tests – Zimmer proposed that the board grant no new charters until it develops a new monitoring system for charter schools.

Even this little caution is enough for the billionaires to want to unseat Zimmer – because charter schools offer possibilities for capitalists to profit.

To these filthy rich bosses, public schools are just another “investment opportunity” – that is, another one of society’s assets they think they can plunder.