Building upon critical education policy studies of crisis, disaster, and reform, this essay develops a theory of "recovery" that further elaborates the nature and operation of "crisis politics" in neoliberal education reform. Recovery is an integral process in capital accumulation, exploiting material, and subjective vulnerability in order to bridge crisis to crisis. Capitalizing on crises, neoliberal reformers position privatization as the mechanism of recovery. Rather than acknowledge their complicity in creating crises, neoliberals externalize the demands of recovery onto schools, teachers, and students. This essay calls for critical educators, social justice advocates, and communities subjected to crises to refuse the neoliberal terms of recovery and to affirm the collective potential to break the cycle of crisis and recovery so intrinsic to capitalist accumulation. Although this essay emphasizes the dialectic of crisis and recovery in United States education policy, this lens is relevant across a variety of national and transnational contexts.