Dr. Joseph P. Farrell
February 21, 2016
I had to read this one twice, and with each reading, my nausea, and my anger and frustration, increased. This one was shared by Mr. S.D.H., and it will probably anger you too, and, to put the record straight for those of you not in the USSA, what Goldman Sachs does here will soon be coming to a school near you. In fact, I’ve heard from frustrated teachers in the United Kingdom and Australia, and it seems the rot is spreading everywhere. But anyway, read about this latest scam here.
Now, in case you missed the scam – and I rather doubt you did – here it is, one more time:
What is “pay for success” and what are “social impact bonds?” As blogger Fred Klonsky explains:
Pay for Success is a social impact bond (SIB) that pays Wall Street investors like Goldman Sachs a bounty for every child that does not receive special education support.
Pay for Success is nothing less than a push-out program that then pays the bond investor a bonus for every child that is pushed out of special ed services.
This left me breathless, and almost at a loss for words.
That’s right: you can now invest in educational deprivation for special needs students, and the more that get pushed out of the “system,” the more “successful” it is, and the more money you make. This is not capitalism folks. This is not the manufacture of a product nor the production of a needed service. This is simply the monetization of inhumanity. It is ultimately, if one examines the premise carefully, the trafficking in humanity itself, and of a most barbarous kind. This is not the betterment of society.