Many people have asked the question.

Some are idealistic.

Some think they know how to reform schools.

Some think that all schools should be like KIPP.

Some think that the free market cures everything.

But others see profits.

Julian Vasquez Heilig explains it here.

Juan Gonzalez came to the same answer over two years ago.

In 2000, Congress passed the New Markets Tax Credit as part of the Community Renewal Tax Relief Act.

This act gives tax credits for investing in certain kinds of projects.

Investors can make large profits.

That explains a lot.

That explains why so many hedge fund managers poured money into state and local school board races in 2012, but only for candidates who support more charter schools.