Based on the results of the publicly-listed for profit providers, the for-profit VET sector appears to sustain profit margins of around 30 percent. This indicates that every dollar of public subsidy paid results in 30 cents of profit for distribution to the company’s shareholders. http://bit.ly/1EKeWIy
It’s a no brainer. The Commons [resources belonging to or affecting the whole of a community] are being sold off to allow profiteering.
From: Can There Be Educational Transformation Without Profiteering?, Cathy Davidson, http://bit.ly/1qZ8H9I
If the primary stakeholders pushing the conversation on all … questions are pushing strictly for their own profit, then every single one of these questions admits the possibility (even promotes it) of an answer, a solution, that could actually harm us…
If we are asking questions as stakeholders in the enterprise of offering the best education possible, but we are answering them as stakeholders in making as much money as possible, then what we have is not educational transformation but profiteering.
It is that simple. It is that scary. …
Until we can separate educational transformation from profiteering, we will have some people fighting change because too many times they have seen change result in someone getting rich (and everyone else being hurt).
That’s the caution. That’s the imperative. That’s the big, big question here: How can we make educational transformation without opening the door to the unscrupulous, the greedy, the cynical, the profiteering?
Complete article: http://bit.ly/1qZ8H9I
My 26 VET (Urgent) Culture and Policy Challenges http://bit.ly/1NUliut