The Economist offers a description of, and more or less endorsement of, low-cost private education as offered by Sunny Varkey, a wealthy Dubai-based entrepreneur, through his firm, Global Education Management Systems (GEMS). It's not a pretty picture: the bare-bones education would focus only on core subjects and "good discipline, established chiefly through selection." Of course it's easy to pare costs when you don't have to consider the low-margin subjects and the more difficult students - but, of course, this is how private schools end up being a drain on the public system, cherry-picking the high-margin students and leaving the more difficult cases for the public purse (where subsequent higher than average per-student cost will then, of course, be branded as 'inefficiency').
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