“American [public] schools are failing because they are organized according to a bureaucratic, monopolistic model; their organizing principle is basically the same as that of a socialist economy.”

The quote is a great overview and extremely accurate in its myopic focus but, diverts attention from an otherwise staggering check list of ills.

Another of many reasons that schools are failing is the teachers unions. They make it almost impossible to fire ateacher, no matter how bad they are.

On the contrary...the Dept. of Education is succeeding brilliantly. Provided you understand their goals that is...

Bingo, it is the socialist model, crumbling before their eyes, The effort to counter the effect, currently underway is causing the awakening of a good education well informed vs the dumb down of a sheepal mentality and its indoctrination. 
WWG1WGA to KAG Trump 2020

He's not wrong ...

American schooling is failing for the same reason the whole system is failing because of the two big destructive industries of sex and drugs and their interfering influences. Socialists are strongly opposed to both these industries.