A chain of “for profit” schools, responsible for 10,000 children, has collapsed in Sweden.
JB Education last week announced it would sell 19 of its high schools and close another four, leaving students stranded.
This is the sort of future that education secretary Michael Gove plans for Britain.
JB Education is owned by a private equity group. It was one of more than 20 companies to benefit from the decision to part-privatise Swedish education in the early 1990s.
The rhetoric was that this would give parents choice and drive up standards. Two decades later, the system is out of control.
Schools are traded on the stock exchange. A Belgian dog food company took over a chain last year. Children’s futures lie at the mercy of big business.
Schools are more likely to be divided by wealth. Overall educational attainment has declined.