The Irrational Fear of For-Profit Education
Government is biased against commercial school operators, despite often better results
BY FREDERICK M. HESS
McGraw-Hill recently announced plans to sell its education publishing division to Apollo Global Management for $2.5 billion. The deal is a reminder that K-12 schooling is a $600 billion-a-year business. In 2008, schools and systems spent $22 billion on transportation, $20 billion on food services and even $1 billion on pencils.These transactions typically elicit only yawns. Yet angry cries of "privatization" greet the relatively modest number of reform-minded, for-profit providers that offer tutoring or charter-school options to kids trapped in lousy schools. Gallup surveys show that more than 75% of Americans are comfortable with for-profit provision of transportation and ...
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