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The industry that has been the most effective in buying protection in D.C, for its predatory practices is the for-profit college industry. It has hired the top lobbyist in both parties. It makes generous campaign contributions. It collects billions from taxpayers to underwrite its behavior. All of this money is used to enrich the industry leaders. Need I add that these institutions are known for predatory practices and for supplying a lousy education.
This article, written by David Halperin and published in The Nation, lays bare the power of this industry and how well it has used its resources to avoid scrutiny of it. The article appeared nearly one year ago.
Now Halperin has published a new article, predicting the end of the predatory colleges. He cites the bankruptcy of mega-chain Corinthian Colleges as a hopeful sign. He thinks that Washington is ready to take them on. Count me cynical. I will believe it when it happens.