In this article I want to plot out an argument that the instrumental effect of financialising areas of public value is a destructive force in our society, and that education is becoming ‘infected with money’. By this, I mean that the managerialism of putting finance at the heart of areas of life which are not profit driven is altering the fundamental nature of how people engage with institutions such as education.
We now find ourselves in an age where finance takes us into a neo-feudal system of administrative superstructures which come to govern every aspect of our lives. The managerialism which accompanies the finance brings endless bureaucracies of ever increasing outcomes and measurements, tendering processes, decreasing budgets, loss of agency and top down policy imposition. In corporate administrative workplaces, as Iris Marion Young puts it, “If people have decision making power, it is generally over others’ actions rather than their own” . Read more