It’s easy to get angry at banks and CEOs, especially as more Americans slip below the poverty line while the rich keep getting richer. But if the goal of Occupy Wall Street is improving social mobility in this country, then the movement really needs to focus as much on educational inequality as it does on income inequality. There is perhaps no better example of how the system is rigged against millions of Americans than the education our children receive.
Public schools are obviously not to blame for the mortgage crisis, over-leveraged investment banks or the other triggers of our current economic woes. But when it comes to giving Americans equal opportunity, our schools are demonstrably failing at their task. Today zip codes remain a better predictor of school quality and subsequent opportunities than smarts or hard work. When you think about it, that’s a lot more offensive to our values than a lightly regulated banking system.