The future on journalism and outsourced education

Robert W. McChesney has written a rather bleak article on the future of journalism in Mainstream media meltdown! Basically he says that there's not enough money to support quality online journalism.

However, it's the summary that I want to highlight:

There is probably no better evidence that journalism is a public good than the fact that none of America’s financial geniuses can figure out how to make money off it. The comparison to education is striking. When manag­ers apply market logic to schools, it fails, because education is a cooperative public service, not a business. Corporatized schools throw underachieving, hard-to-teach kids overboard, discontinue expensive programs, bombard stu­dents with endless tests, and then attack teacher salaries and unions as the main impediment to “success.” No one has ever made profits doing qual­ity education—for-profit education companies seize public funds and make their money by not teaching. In digital news, the same dynamic is producing the same results, and leads to the same conclusion.

Unfortunately there's nothing in the body of the article discussing corporatised education. Judging by the one paragraph above I think it's a topic probably worth an article in itself.