January 9, 2013

School "reform" is a big money maker

Valerie Strauss, Washington Post - Did you know that the education sector now represents nearly 9 percent of the country’s gross domestic product? That for-profit education is valued at $1.3 trillion, and is one of the largest U.S. investment markets?

These facts were part of an advertisement for a conference for investors in for-profit education ventures, just one example of how much the profit motive has entered into the public education arena. The conference is one of two examples of how school reform has become little more than a business in some arenas (and just how removed some reformers have gotten from classrooms and the actual dynamic of teaching and learning).

If you had wanted to attend this conference for private equity investing in for-profit education companies, you missed it, (but you did save the walk-in fee of $1,495). Featured at the conference were “20 education experts,” none of whom are actually teachers.

1 comment:

Anonymous said...

Of course school reform is a big money maker, because schools are a huge industry and a form of youth incarceration. So much opportunity for pelf. It would be naive to think the profiteers not make a money grab.