In this chapter, the speaker discusses their critical view of billionaires and their involvement in charter schools. They argue that billionaires could be doing more productive things and that charter schools have not achieved their intended goals. They highlight issues such as selective enrollment and financial scandals in the charter sector. The speaker proposes that billionaires should focus on addressing actual needs such as opening health clinics in underserved neighborhoods and advocating for higher taxes to support education.
Author and historian Diane Ravitch of New York University talks about her book, Slaying Goliath, with EconTalk host Russ Roberts. Ravitch argues that the charter school movement is a failure and that it drains needed money from public schools.