Matt Barnum of Chalkbeat here describes the spread of the gospel of the “portfolio model” of schooling.In his article, Barnum shows how Indianapolis has fallen hook, line, and sinker for privatization of its public schools.

I first heard the term used by Paul Hill of the Center for the Reinvention of Public Education at the University of Washington, a leading thinker in the privatization movement.

The basic idea is that school boards should treat their schools as if they were a stock portfolio. Some will be public schools run by the district; others will be privately managed. If a school gets low scores, close it and open a new one. If a school is not performing well, turn it over to private management. Buy and sell schools as you would buy and sell stocks in a portfolio. Disruption? No problem. Chaos? No problem.

That’s the basic idea.

For this to work, you need both supply (a willing number of charter operators, ready to move in) and demand (dissatisfied parents). So it is necessary to create dissatisfaction with the repeated claim that “our schools are failing” and to put public schools and charter schools on an equal footing by having a common enrollment system (the OneApp or some other name that gives the appearance that charters are public schools, even though they choose their students and operate under different rules and laws).

How was Indianapolis snookered into privatizing its public schools en masse? Barnum credits the work of the Mind Trust, a faux-liberal group that worked closely with the faux-liberal Stand for Children, which is a passthrough for the funding of corporations and corporate reformers.

The district is actively turning over schools to charter operators, and it’s rolling out a common enrollment system for district and charter schools that could make it easier for charters to grow. Nearly half of the district’s students now attend charters or district schools with charter-like freedoms.

It’s a remarkable shift that many in Indianapolis credit to — or blame on — the Mind Trust, a well-funded local nonprofit with a clear vision for improving education in Indianapolis.

Since its founding in 2006, the organization has called for dramatic changes to schools; recruited outside advocacy, teacher training, and charter groups; and spent millions to help launch new charter and district schools. The Mind Trust’s vision has also won support from the school board — which was elected with the financial backing of Stand for Children, an advocacy group recruited by the Mind Trust.

Stand for Children is an enemy of public schools and professional teachers. It is the conduit for privatization dollars. It has fielded candidates to run against supporters of public schools, in efforts to replace them with privatizers on school boards. It led efforts in Illinois and Massachusetts to curtail the power of unions and to reduce entry requirements for teachers.

Barnum’s article shows how the efforts of the corporate reformers are spreading even as the performance of charters is faltering, and news of charter scandals, frauds, and embezzlements is growing. The charter movement simply ignores the NAACP’s call for a moratorium on new charters, as well as their underlying demand for greater investment in the schools that enroll children with the greatest needs.

The charter movement is inextricably tied up with the funding of the Koch Brothers, the DeVos family, Eli Broad, and Bill Gates. Advocacy for charter schools is inextricably connected to the far-rightwing ALEC and Secretary of Education Betsy DeVos.

Charters are the gateway drug to vouchers.

The proponents of the charter movement, as author Katherine Stewart said in her recent article in The American Prospect, are “the useful idiots” of privatization; they have paved the way for the religious extremists and fundamentalists who control some of the largest charter chains and receive the largest number of vouchers.

The privatization of public education is a dagger aimed at democracy, with the aid and support of the Gates Foundation, the Walton Family Foundation, the Broad Foundation, the Mind Trust, Stand for Children, and others who believe neither in public education nor in democratic control of public schools.