China Considers Turning Tutoring Companies Into Non-Profits (bloomberg.com) 34
China is considering asking companies that offer tutoring on the school curriculum to go non-profit, Bloomberg News reported Friday, citing people familiar with the matter, as part of a sweeping set of constraints that could decimate the country's $100 billion education tech industry. Shares sank. From a report: In rules currently being mulled, the platforms will likely no longer be allowed to raise capital or go public, the people said, asking to not be identified because the information is not public. Listed firms will also probably no longer be allowed to invest in or acquire education firms teaching school subjects while foreign capital will also be barred from the sector, one of the people said. Local regulators will stop approving new after-school education firms seeking to offer tutoring on China's compulsory syllabus and require extra scrutiny of existing online platforms, the people said. Vacation and weekend tutoring on school subjects will also be banned, they said. Changes may still occur as the rules haven't been published.
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Make note the story is about TUTORING, not financing one's education.
Re: A good idea (Score:2)
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If we're going free, why not free for all? Then we don't have to have parents try to play economic gymnastics to get this.
Rich people will probably hire someone else anyway (like public schools versus private school.)
Or we can skip this completely. We're already offering public schools for free.
Re:A good idea (Score:4, Informative)
I know this comment is sarcasm but public education was one of the few things most of the Founders seemed to agree on.
To quote John Adams: “The Whole People must take upon themselvs the Education of the Whole People and must be willing to bear the expences of it. There should not be a district of one Mile Square without a school in it, not founded by a Charitable individual but maintained at the expence of the People themselvs they must be taught to reverence themselvs instead of adoreing their servants their Generals Admirals Bishops and Statesmen.”
If someone has an issue with public education (and there are problems) likely the correct move is not privatization but to fix the policies, such as funding via property taxes.
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For sure, there are a lot of perverse incentives baked into the system at the moment. The overall cost per student also kind of dances around the funding question though since in many areas where district funding is from property taxes you end up in situations where wealthy neighborhoods have more money for schooling than poorer areas. That is just one piece of a big puzzle.
To your point I agree we can do a lot more in terms of subject matter to prepare kids for the future. Finances, Civics, an earlier f
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Fuck off about that funding bullshit. Above a relatively small minimum per pupil, the only schools of which that fail to hit that number being a small minority of rural schools, funding has jack fucking all to do with school performance.
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No need to be rude sir. I can tell you have a very informed and rational process that brought you to that conclusion. However I believe it is a multi-faceted problem, funding being part of the issue (and when it comes to public services funding is always has jack fucking to do with at least some of it)
Why America's Schools Have A Money Problem [npr.org]
School Finance and Property Taxes [lincolninst.edu]
Property taxes fund schools, but increase educational inequality [alligator.org]
I also did not say funding was the only issue, nor did I say fundin
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However I believe it is a multi-faceted problem, funding being part of the issue (and when it comes to public services funding is always has jack fucking to do with at least some of it)
https://nces.ed.gov/programs/c... [ed.gov]
US is #4 in developed nations in school spending. Well actually #3 since we can throw out Luxembourg with it's population of 600k.
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You blithering moron. None of those sources shows ANY link between increased spending and any sort of increase in student performance. Hell, one of them explicitly notes that inner city schools have plenty of funding and that equalization of spending per pupil would decrease the amount of money they get.
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The overall cost per student also kind of dances around the funding question though since in many areas where district funding is from property taxes you end up in situations where wealthy neighborhoods have more money for schooling than poorer areas.
https://ed100.org/lessons/whop... [ed100.org]
In California, only a quarter of the operational funding of K-12 schools comes from property taxes
Moreover,
Public schools in California are often thought of as local schools, but in many ways it has become more accurate to think of them as state schools. As discussed in Lesson 7.1, it is the state that bears the constitutional responsibility for public education, not school districts.
At least in CA, the idea that one "neighborhood" could have a well funded school while another doesn't is hogwash they aren't funded at that local of a level.
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Well the thing is, at what point does education go from socialism education (US, it's kindergarten to high school), to higher education, costs money (this is as much true of state schools as it is private). The latter allows the market to adjust to what's in demand for a society (wouldn't want to pay for any basket weaving courses, now would you).
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Seems like most every other developed country has some sort of public or subsidized option for higher education and they get by just fine. Arts and humanities are important as well as trades. Not everyone has to go into law, MBA or STEM just because that's "where the money is". All these options should be available to people regardless of their financial situation or taking on debt. I think people finding something they are interested in or have a passion for is the first thing to look at as that will i
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If someone has an issue with public education (and there are problems) likely the correct move is not privatization but to fix the policies, such as funding via property taxes.
Public schools aren't underfunded, in the US. If you compare with other developed nations the US is toward the top.
https://nces.ed.gov/programs/c... [ed.gov]
Private schools, in my area are usually held in run down old schools. They have fewer facilities than private schools (fields, playgrounds, sports). Public schools have fancy new libraries, swimming pools, etc.
So why do parents send their children private? Mainly it's because it weeds out the families and children that don't take education seriously. You don't
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I did not say schools were underfunded, but the issue with regards to property taxes is how that funding get's to which schools. Schools in low income neighborhoods tend to receive less funds even though those tend to be areas that need additional funding. If anything I agree we are wasteful with our education dollars but there are problems and this is just one of them.
https://www.npr.org/2016/04/18... [npr.org]
Your area schools may in fact be an example of what I am talking about. Where I grew up the situation was
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I did not say schools were underfunded, but the issue with regards to property taxes is how that funding get's to which schools. Schools in low income neighborhoods tend to receive less funds even though those tend to be areas that need additional funding.
Not according to what I linked they don't. Only 1/4 of their funding comes from property taxes, and that 1/4 are allocated at county levels anyway, not for example by the cluster of homes that happen to be close to the school which seems to be what you are implying. That's for CA anyway, but I'd be surprised if it's much different in other states.
And regardless you're ignoring the data I linked that shows the US is near the top of funding per student among developed nations.
All things being equals sure give
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"proven to work in the US"
*looks at every single large inner city school system*
You should probably stop taking those crazy pills.
Re: A good idea (Score:1)
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education needs to be non-profit as the profit one (Score:2, Insightful)
education needs to be non-profit as the profit one really pumped up the Student loans. But I don't think China has that.
Also teach / cram the test is an bad idea.
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Cheap loans backed by the government was the problem, not profit in itself. Kind of like the home mortgage crisis.
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It's interesting to see this move which might actually be good for the children. I taught English in Taiwan at a cram school and lived with a few grade school teachers. The kids would basically get out of school, go home and eat dinner, then go to a cram school until 9 o'clock at night. Rinse and repeat 5 days a week, and sometimes on weekends.
The teachers I lived with they made their wealth in the early days a few decades ago before Taiwan made laws against teachers in public schools also opening cram scho
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The difference between for-profit and non-profit/not-for-profit is not that one can make a profit and the other can't. The non-profit/not-for-profit entity still has to take in more money than it pays out, to keep from going out of business. The difference is that the non-profit/not-for-profit is not allowed to distribute profits to the owners: it is REQUIRED to plow the money back into the business of the entity. For educational institutions, this is where they get funds to build and equip new buildings
China businessmen are good at finding "the way" (Score:5, Informative)
Investors become "employees". "Top" "employees" make a few million a year - salary, not "profits" or "dividends". Problem solved.
For a final touch, maybe put a top local politician on your board of directors. And make sure board seats are very well compensated. Plus, there are lots of way around the "no more than x% of funds can go to overhead" rules.
(I'm trolling here: There might be a few ex Clinton Foundation employees who know how to funnel large sums of money through a no-profit to key individuals who could offer advice on how to set this up!)
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The story is basically, "won't someone think of the children". Political themes are universal.
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Bo Burnham Inside: move over xkcd and the Simpsons (Score:2)
"I don’t know about you guys, but, um, you know, I’ve been thinking recently that that you know, maybe, um, allowing giant digital media corporations to exploit the neurochemical drama of our children for profit"
"You know, maybe that was, uh a bad call by us."
"Maybe maybe the the flattening of the entire subjective human experience into a lifeless exchange of value that benefits nobody, except for, um, you know, a handful of bug-eyed salamanders in Silicon Valley"
"Maybe that as a as a way of lif