This is the most important article you will read this week, this month, maybe this year. Lee Fang, a brilliant investigative reporter at the Nation Institute, documents the rise and growth of the new for-profit education industry. They seek out ways to make money by selling products to the schools, developing new technologies for the Common Core, writing lucrative leasing deals for charter school properties, mining students’ personal data and selling it, and investing in lucrative charter schools.

Their basic strategy: disrupt public education by selling a propaganda narrative of failure, which then generates consumer demand for new, privately managed forms of schooling (charters and vouchers), for new products (a laptop for every child), and for new standards (the Common Core) that require the expenditure of tens of billions of dollars for new technology, consultants, and other new teaching products. The Common Core has the subsidiary effect of reducing test scores dramatically, thus reinforcing the failure narrative and the need for new schools and new products. Meanwhile, absent any evidence, the boosters of the Common Core promise dramatic results (“bigger better cleaner than clean, the best ever, everything you ever dreamed of, success for all, no more achievement gap, everyone a winner”), while reaping the rewards.

The end goal is the reaping of billions in profits for entrepreneurs and investors.

The crucial enabler of the entrepreneurial takeover of American public education has been the Obama administration. From the beginning, its Race to the Top was intended to close schools with low scores, require more charter schools, all to create a larger market for charter organizations. Its requirement to adopt “college-and-career-ready standards” established the Common Core standards in 45 states, thus creating a national market for products. Its funding of two national tests guaranteed that all future testing would be done online, thus generating a multi-billion dollar market for technology companies that produce software and hardware. At the same time, the Obama administration was curiously silent as state after state eliminated collective bargaining and silenced the one force that might impede its plans. Neither President Obama nor Arne Duncan made an appearance in Wisconsin when tens of thousands of working people protested Scott Walker’s anti-union program.

Lee Fang has connected the dots that show the connection between entrepreneurs, the Obama administration, ALEC, and Wall Street. We now know that their promises and their profit-driven schemes do not benefit students or teachers or education. Students will be taught by computers in large classes. Experienced and respected teachers do not like the new paradigm; they will leave and be replaced by young teachers willing to follow a script, work with few or no benefits, then leave for another career choice. Turnover of teachers will become the norm, as it is in charter schools. “Success” will be defined as test scores, which will be generated by computer drills.

This is the future the entrepreneurs are planning. Their own children will be in private schools not subject to the Common Core, or large computer-based classes, or inexperienced teachers. The public’s children will be victims of policies promoted by Arne Duncan to benefit the entrepreneurs.

We see the future unfolding in communities across the nation. It can be stopped by vigilant and informed citizens. If we organize and act, we can push back and defeat this terrible plan to monetize our children and our public schools.