Summary Capitalism and education have been intertwined for a long time. Mass schooling developed within a capitalist world system. In the modern post-World War II era with increasing forces of globalization, educational reforms have traveled around the world. This chapter reflects on some aspects of this history, focusing mainly on the neoliberal era. It begins with an earlier period which established two underlying refrains of the neoliberal era: schools are failures and it is the fault of the teachers. The chapter looks at the dominant discourses used to support these and other capitalist themes. It examines two of the chief purveyors of these discourses and reforms: United States (US) foundations and the World Bank. The chapter considers one of the main neoliberal reforms posed: the privatization of education and other social services. This leads to the fundamental issue of what is wrong with capitalism.
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