Diane Ravitch: Profiteers Circling the Schools, Looking for $$

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Diane Ravitch's Blog, Aug. 02, 2012

 

So here it is folks. Stephanie Simon of Reuters attended that private equity investors’ conference at an elite Manhattan setting and the boys are looking to make money from selling their stuff to the schools, running schools, teaching math, investing in new ventures of all kinds.

This is what many suspected but found hard to believe. The Wall Street crowd says this is their moment.

They see the steady advance of privatization and for-profit ventures and they love it.

They know that the purpose of the new academic standards is to create winners and losers, and they will invest in product to sell to both ends of the spectrum.

They will monetize the children, outsource the teaching, do anything that turns a buck.

Who will stop them?

We know Romney won’t. Will Obama?

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