Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Monday, July 11, 2011

Didacticide Update: Cashing in on the charters

THE SCHOOL privatization movement took an ominous new step in June with the creation of the first for-profit real estate investment fund aimed at the construction of charter schools.

The financial venture, if it works according to plan, will accelerate the charterization process by funding the development of up to 75 charter schools across the country within the next few years. Charter schools mostly get their funds from the public education, but they are run by private organizations, including numerous for-profit ventures--which has made them a favorite tool in the new attack on teachers unions.