Read this fascinating article in Slate by Ray Fisman, an economist at the Columbia Business School.

In the early 1990s, the Swedish government fell for Milton Friedman’s ideas about school choice. More students in Sweden go to privately-run and for-profit schools than any other developed nation in the world. “Swedish school reforms did incorporate the essential features of the voucher system advocated by Friedman. The hope was that schools would have clear financial incentives to provide a better education and could be more responsive to customer (i.e., parental) needs and wants when freed from the burden imposed by a centralized bureaucracy. And the Swedish market for education was open to all, meaning any entrepreneur, whether motivated by religious beliefs, social concern, or the almighty dollar, could launch a school as long as he could maintain its accreditation and attract “paying” customers.”

For a time, things looked promising. But no more.

“Advocates for choice-based solutions should take a look at what’s happened to schools in Sweden, where parents and educators would be thrilled to trade their country’s steep drop in PISA scores over the past 10 years for America’s middling but consistent results. What’s caused the recent crisis in Swedish education? Researchers and policy analysts are increasingly pointing the finger at many of the choice-oriented reforms that are being championed as the way forward for American schools. While this doesn’t necessarily mean that adding more accountability and discipline to American schools would be a bad thing, it does hint at the many headaches that can come from trying to do so by aggressively introducing marketlike competition to education.”

He concludes, quoting a charter founder:

“Maybe the overall message is, as Norman Atkins of Relay GSE put it to me, “there are no panaceas” in public education. We tend to look for the silver bullet—whether it’s the glories of the market or the techno-utopian aspirations of education technology—when in fact improving educational outcomes is a hard, messy, complicated process. It’s a lesson that Swedish parents and students have learned all too well: Simply opening the floodgates to more education entrepreneurs doesn’t disrupt education. It’s just plain disruptive.”