Open for Business
The Daily Reckoning explores "stupid and unjust regulations that are robbing you blind", and in this post the DR exposes charter schools.
The main complaint against charter schools seems to be that some of them are run for profit. It's not at all clear to me why this is a problem - after all, I haven't heard anyone criticizing the textbook publishers, the school architects and contractors, the bus companies, the cafeteria operators, etc. etc. for making money from their operations. In fact, it seems to me that it would be in the public interest if more schools were run for profit (assuming the appropriate regulatory structure) - since profit-making operators are more motivated than public school operators to offer an excellent service that would attract and keep customers. Furthermore, in a competitive environment profit-making operators would be motivated to keep their prices down - in stark contrast to public school operators who currently have no such incentive.
Why is it wrong for school operators to be able to make a profit? H/T DH




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