"Bureaucratic accountability," Matt Ladner
writes today, "will always face severe political limitations, and even under the best of circumstances is no substitute for parents possessing an exit option. Even under the best theoretical systems there will always be kids who would be better off somewhere else for both academic and non-academic reasons. Decentralized accountability works best with transparency to inform choices, but centralized accountability without choice will inevitably face the gravity well of regulatory capture."
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