The recent history of Camden, New Jersey, which is the poorest small city in America, provides a case study of the tragic ineffectiveness of government programs at ameliorating poverty. State and federal taxpayers have spent hundreds of millions of dollars on various redevelopment programs in Camden over the years, but the money never ended up where it was supposed to and the promised revival of this fallen manufacturing town never happened.

By far, the largest initiative to combat poverty with government largess has been directed at Camden's public schools. New Jersey spends about 60% more on education per pupil than the national average according to 2012 census figures, or about $19,000 in 2013. In Camden, per pupil spending was more than $25,000 in 2013, making it one of the highest spending districts in the nation.

But all that extra money hasn't changed the fact that Camden's public schools are among in the worst in the nation, notorious for their abysmal test scores, the frequent occurrence of in-school violence, dilapidated buildings, and an on-time graduation rate of just 61 percent.

This is the story of how Camden became one of the nation's best funded and worst performing school districts, which is the first in a three-part video series on Camden public school system.

Click here to watch part two, which is a profile of LEAP, Camden's first and most successful charter school. Click here to watch part three, which looks at how the state is remaking public education in Camden by creating a hybrid model of traditional and charter schools.

About 8:30.

Shot, edited, produced and narrated by Jim Epstein. Production assistance from Brett Crudgington.

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