Perdido 03

Perdido 03

Sunday, September 2, 2012

Private Equity, Hedge Fund And Wall Street Predators Look To Engorge Themselves On Public Education Money

An informative link from An Urban Teacher's Education, which I repost here:



The vultures are circling - ever looking to increase profits.

It's really important to remember that when many of the reformers talk about "reforming" education, they're primarily talking about reforming the way the money is doled out.

They want to dole out a lot less to individual schools, to support for those schools and of course to the labor costs that go into manning those schools, and dole out a lot more to the technology companies, the "educational materials" companies, the testing companies, the test prep companies and the consultants.

Often, all of those things are combined into one big conglomerate.

Think Joel Klein, Murdoch, Wireless Generation, Amplify and News Corp.

Think Pearson.

Not exactly the kind of crew who really seem to "care about the kids."

Profits, however - that they care about.

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