from the Diane Ravitch blog
A Chinese investor gets a green card for investing $1 million in a project that will “create” ten jobs. The publicly funded charter fraud industry, however, doesn’t create new jobs. It converts well paying public sector jobs, with reasonable benefits, into low paying jobs without benefits. Let’s follow the money through this profit-generating machine.The investors get 30 green cards, and their profits are guaranteed by the free services of well connected edubusiness lobbyists, working through organizations like ALEC, Students First, and Stand for Children. The US DOE cooperates, through Race to the Top, by requiring states to legally compel local districts to hand over their American tax dollars to private charter operators.
It’s all for the kids, as Jeb Bush likes to say.