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| Rupert Murdoch (AP photo) |
Writing in Salon.com,
David Sirota warns us to stop pretending wealthy CEOs pushing for charter schools are altruistic "reformers." They're raking in billions.
Citing a fact sheet from the for-profit education industry itself, the Washington Post recently reported that “the education sector now represents nearly 9 percent of the country’s gross domestic product” while the “for-profit education is valued at $1.3 trillion, and is one of the largest U.S. investment markets.” Likewise, NPR reports that as he’s launched an education technology division, Rupert Murdoch “has described education as a market worth hundreds of billions of dollars.” This is why the tech site Geekwire predicts another full-scale tech industry bubble, thanks to “K-12 and other education segments now being chased by a mob of investment capitalists.”
According to Sirot, contracts are much easier to land in privately run charter schools because such schools are
