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The new paradigm shift in public education

rabbitcaebannog

rabbitcaebannog

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Public Schools Are The Next Big Thing For Private Equity And Venture Capital: Private Equity And Venture Capital Look At Public Schools - Business Insider

What do you say? Will capitalist care about how kids are educated, or are they looking for a profit? Will they cut costs to make profit and if so, how will that effect those who costs the most?

What say you?

No matter what you say prepare for big changes because the financialization of education is here.

http://www.crpe.org/research/portfolio-strategy

Here is what Bruce Bartlett has to say:

While all economists agree that the financial sector contributes significantly to economic growth, some now question whether that is still the case. According to Stephen G. Cecchetti and Enisse Kharroubi of the Bank for International Settlements, the impact of finance on economic growth is very positive in the early stages of development. But beyond a certain point it becomes negative, because the financial sector competes with other sectors for scarce resources. http://economix.blogs.nytimes.com/2013/06/11/financialization-as-a-cause-of-economic-malaise/
 
rabbitcaebannog said:
Public Schools Are The Next Big Thing For Private Equity And Venture Capital: Private Equity And Venture Capital Look At Public Schools - Business Insider

What do you say? Will capitalist care about how kids are educated, or are they looking for a profit? Will they cut costs to make profit and if so, how will that effect those who costs the most?

What say you?

No matter what you say prepare for big changes because the financialization of education is here.

Portfolio Strategy | Center on Reinventing Public Education

Here is what Bruce Bartlett has to say:

While all economists agree that the financial sector contributes significantly to economic growth, some now question whether that is still the case. According to Stephen G. Cecchetti and Enisse Kharroubi of the Bank for International Settlements, the impact of finance on economic growth is very positive in the early stages of development. But beyond a certain point it becomes negative, because the financial sector competes with other sectors for scarce resources. http://economix.blogs.nytimes.com/2013/06/11/financialization-as-a-cause-of-economic-malaise/
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In general it is an improvement for any society to move private goods out of the public sector. It is less wasteful.
 
joG said:
Harvard?
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Harvard gets to pick and choose its clientele. I want to know how this will work in a public school where you may end up with students who may be costly, no fault of their own? The drive is for profit and cutting costs. What exactly will schools do?
 
joG said:
In general it is an improvement for any society to move private goods out of the public sector. It is less wasteful.
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yep
we should return to privately operated, for-profit fire departments
that certainly worked out well

and mercenary armies. let's give them a try, too
 
rabbitcaebannog said:
Do you have examples where this is true for a school?
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There is already a direct comparison between private schools and public schools. In general private schools do better academically and economically.
 
justabubba said:
yep
we should return to privately operated, for-profit fire departments
that certainly worked out well

and mercenary armies. let's give them a try, too
Click to expand...

Actually, we have privatized our national security which has proven that privatization has not been cheaper. It has been much more costly. Is this a myth about privatization?
 
jimbo said:
There is already a direct comparison between private schools and public schools. In general private schools do better academically and economically.
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...because private schools pick their clientele. What happens when they get the same "riff raff" as public schools?
 
jimbo said:
There is already a direct comparison between private schools and public schools. In general private schools do better academically and economically.
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actually, they don't
jesuit operated schools consistently demonstrate the best performance
Christian based schools are at the opposite end of the spectrum
private schools get to select (cream) the student population
public schools must serve all, including those with learning disabilities
dollar for dollar, student for student, public schools perform on par with the average private schools
 
justabubba said:
yep
we should return to privately operated, for-profit fire departments
that certainly worked out well

and mercenary armies. let's give them a try, too
Click to expand...

I'm pretty sure this is already happening, is it not? I believe they're now called military "contractors."
 
_Sal said:
it definitely is less wasteful...whether or not it is beneficial to humanity is questionable
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I'm not convinced it's less wasteful only because this is not true in other avenues of privatization. When Mass Electric was publically owned, I paid an average of $35.00 a month. It is privatized and National Grid now charges an average of $125.00. That is about a 300% increase.
 
jimbo said:
There is already a direct comparison between private schools and public schools. In general private schools do better academically and economically.
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yes, they do

however once you make education an elite pursuit you dumb down more than half of your population...good luck with that
 
Summerwind said:
I'm pretty sure this is already happening, is it not? I believe they're now called military "contractors."
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Yes, and it is very expensive. Mind you the soldiers are not getting the same benefits that those who work under the government do, but that profit is going to someone else. Top 1%?
 
rabbitcaebannog said:
I'm not convinced it's less wasteful only because this is not true in other avenues of privatization. When Mass Electric was publically owned, I paid an average of $35.00 a month. It is privatized and National Grid now charges an average of $125.00. That is about a 300% increase.
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but that is cost to the individual...and that is a whole different subject...

it is less wasteful, of course it is...is it beneficial to society...questionable...as soon as you make basic human need subject to profit you screw most of your population...*shrug* that's capitalism...
 
_Sal said:
Harvard or any university for that matter is a poor example...every university MUST produce....as a professor you MUST produce...you must publish you must ensure the university makes money...

universities have long been for profit...
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Ah, their "profit" is in the realm of scholarly distinction...which leads to research funding...and more prestige within the Academy. In part, publishing and presenting are about earning one's keep.
 
justabubba said:
actually, they don't
jesuit operated schools consistently demonstrate the best performance
Christian based schools are at the opposite end of the spectrum
private schools get to select (cream) the student population
public schools must serve all, including those with learning disabilities
dollar for dollar, student for student, public schools perform on par with the average private schools
Click to expand...

Jesuit operated schools are considered private schools as opposed to public schools.
 
rabbitcaebannog said:
Yes, and it is very expensive. Mind you the soldiers are not getting the same benefits that those who work under the government do, but that profit is going to someone else. Top 1%?
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Actually some of those soldiers are getting 6 figure incomes. Maybe not the long term bennies, but again since many were US vets, they get those too. And it's way way more expensive than standard military.
 
nota bene said:
Ah, their "profit" is in the realm of scholarly distinction...which leads to research funding...and more prestige within the Academy. In part, publishing and presenting are about earning one's keep.
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absolutely...scholarly distinction which in turn attracts more enrollment which equals more money...if you don't produce you are out on your ass ....they produce for the most part or start looking unless one is tenured
 
_Sal said:
but that is cost to the individual...and that is a whole different subject...

it is less wasteful, of course it is...is it beneficial to society...questionable...as soon as you make basic human need subject to profit you screw most of your population...*shrug* that's capitalism...
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I'm trying to figure out how it is less wasteful? I think they may cut costs labor wise and also student wise, while spending more toward other things that benefit capital and paying executives.
 
_Sal said:
yes, they do

however once you make education an elite pursuit you dumb down more than half of your population...good luck with that
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There is no reason to believe that if the same dollars currently spent on public schools was made available to for profit schools including inner city and disadvantaged students that the school system overall would improve.
 
rabbitcaebannog said:
I'm trying to figure out how it is less wasteful? I think they may cut costs labor wise and also student wise, while spending more toward other things that benefit capital and paying executives.
Click to expand...

it is less wasteful because there is pressure to produce big dollars that go to the people who are driving it...government has in the past been notorious for wasting tax dollars, for spending wildly for not doing proper tendering for bids for being unethical...no one could run a profitable business like that...too many employees doing too few jobs...

however we the people seem to be aware of that now and how our tax dollar is spent

more and more (not enough yet) we demand accountability...we're getting there but we aren't there yet
 
jimbo said:
There is no reason to believe that if the same dollars currently spent on public schools was made available to for profit schools including inner city and disadvantaged students that the school system overall would improve.
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no reason?

I can think of a lot of reasons

think of how much an insurance company charges for a bandage in a hospital and that should give you some idea of where this will go

where's the money coming from? you, me, the government?
 
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