In a stock market prospectus uncovered by education author Jonathan Kozol, the Montgomery Securities group explains to Corporate America the lure of privatizing education. Kozol writes:

“The education industry,” according to these analysts, “represents, in our opinion, the final frontier of a number of sectors once under public control” that have either voluntarily opened or, they note in pointed terms, have “been forced” to open up to private enterprise. Indeed, they write, “the education industry represents the largest market opportunity” since health-care services were privatized during the 1970’s…. From the point of view of private profit, one of these analysts enthusiastically observes, “The K–12 market is the Big Enchilada.”1

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