Home > Uncategorized > Naked Capitalism Looks at Charter Schools… and They Take a Dim View

Naked Capitalism Looks at Charter Schools… and They Take a Dim View

Lambert Strether, a Naked Capitalism mainstay, cross posted an article written by Alternet blogger Steve Rosenfeld titled “5 Times Charter School Founders Used Shady Deals to Shamelessly Enrich Themselves”. If anyone needed evidence that de-regulation doesn’t work, this article might convince them otherwise. On the other hand, those who use the cover of “helping the disadvantaged children” to make a profit and those who have unwavering faith in the marketplace will likely ignore the facts in this article the same way they ignored the red flags when Enron was manufacturing profits and banks were bundling mortgages. It is noteworthy that in each of those cases the underclass paid the price while the perpetrators of fraud generally walked away with their assets.

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