All Scandinavian education gets branded as excellent but this is not the case. Finland’s education system is world class but Sweden’s isn’t and there is a reason: privatisation.
One of the main operators of Swedish education services – JB Education – owned by private equity company Axel – went bust in June 2013 leaving around 10,000 students without a school. In the words of the Swedish education minister, Jan Bjorklund: ‘We had a venture capital company that didn’t know much about education taking over Swedish schools… They thought they were going to make big money, discovered it wasn’t easy, got tired quickly and quit.’ Continue reading
Foreign arms sales by the United States jumped by almost $10 billion in 2014, about 35 percent, even as the global weapons market remained flat and competition among suppliers increased, a new congressional study has found.
Eduardo Porter, “A Relentless Widening of Disparity in Wealth,” 11 March 2014,
Source: “Capital in the 21st Century,” by Thomas Piketty.