That's why for-profit schools can be so profitable and so awful; it's classic market failure, as I have explained previously.
It remains unclear how profitable a for-profit school can be, especially since private corporations are not required to disclose their financial information.
Higher education had become a burgeoning industry with multiple elements, including highly profitable private schools - not all of them particularly academically demanding - and an extensive system of public higher education.
International, regional and bilateral donors and development banks have catered to Haiti's predatory political, economic, religious and academic elites and their profitable private school business.
This is fuelling both a profitable private schooling sector and anger on the streets as Brazil's economic miracle continues to exclude the poor.
He happily recalls his most profitable high school business venture, renting out Manhattan nightspots like Studio 54 on off nights and throwing parties for underage kids.
To test this hypothesis, economists have looked for evidence of some of its implications: income should be higher for educated individuals in cases where new technologies that are complex to understand come available and become profitable, and school enrollment should increase where returns to education are higher.
That's why he has Juan Rangel, well-clouted CEO of the United Neighborhood Organization -- a profitable charter school chain -- at his side.
Zealous elected officials like New York City's Michael Bloomberg, anxious to undo teacher unions and perhaps keen to attract grant money from pro-charter organizations like the Gates Foundation, have enthusiastically jumped on the closure bandwagon to replace less profitable traditional public schools with privately managed non-union charter schools.
Betsy DeVos, Education Secretary: Public education's public enemy number one and major supporter pf the charter school system that has proved so disastrous for Detroit, but profitable for charter school owners.
