Capitalism once did a superior job providing K-12 schooling in the United States, and would do so once again if the public could overcome its fear of markets and economics, wrote Herbert Walberg and Joe Bast in their book, Education and Capitalism. It’s the book’s ten-year anniversary, so Walberg joins the podcast to discuss these concepts and how they have matured in the past decade. He’s the chairman of Heartland’s board and member of the Hoover Institution’s Koret Taskforce on K-12 education at Stanford University. We talk about the moral case for free-market education, common myths about capitalism and education, and how free markets mean parents and kids get more “bang for the buck” out of schools.
Image by Fairfax County.