The Profit Motive and Education Subsidies
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 10 August 2010
⏱️ 10 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Tuesday, August 10th, 2010. |
| 0:06.7 | I'm Caleb Brown. |
| 0:07.8 | The market share for for-profit higher education is growing. |
| 0:11.1 | As such, established constituencies, universities and community colleges have felt a pinch. |
| 0:17.0 | For Neil McCluskey, Associate Director of the Cato Institute's Center for Educational Freedom, |
| 0:22.0 | the question should be, why should anyone care that a school |
| 0:24.9 | is for-profit or non-profit? |
| 0:28.1 | A lot of people, at least in Washington, seem to care whether or not a college university runs for |
| 0:33.9 | profit and a lot of people at least in Washington seem to have a presumption |
| 0:39.7 | that if you're running for profit you are a bad institution educationally and you're probably |
| 0:46.1 | trying to rip off both taxpayers and the students you're supposedly educating. |
| 0:51.3 | Who is leading this charge? |
| 0:52.6 | Right now, the charge is being taken up, again, |
| 0:55.8 | in Washington, in government, by Senator Tom Harkin, |
| 0:59.0 | who's the chair of the Senate Health Education, Laborersorers and Pensions Committee. |
| 1:05.9 | But others have taken it up. |
| 1:07.0 | George Miller, the representative, Democrat representative from California is the House counterpart to Harkin and he is very |
| 1:16.2 | Concerned shall we say about for-profit schools but also driving this and I think that it's something that hasn't really been talked |
| 1:24.7 | about are of course not-for-profit schools public especially community colleges but |
| 1:30.8 | also four-year institutions, private nonprofit schools that are very concerned |
| 1:36.2 | that they're having to compete with for-profit institutions that are taking |
| 1:39.9 | bigger and bigger parts of or shares of the market. |
... |
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