Julian Vasquez Heilig has a scintillating new post on one of the most interesting questions of our age:

Why do hedge fund managers adore charters?

Many sit on charter boards.

They have their own PAC called Democrats for Education Reform to spread campaign cash to charter-friendly candidates.

What is the connection between hedge fund managers and charters?

Some of their friends think they are kind philanthropists with big hearts.

Some think they have a profit motive.

Some think it is a really fun hobby (“my charter has higher test scores than your charter”).

Some believe that they look down on public schools because they went to elite private schools.

Others opine that it is the old colonialist impulse, taking up the “white man’s burden” to care for children of color.

What do you think?