The very rich seem to think that democracy is a drag, because it gets in the way of their making even more money by privatizing essential public functions:

The newest bit of “wisdom” for public education comes to us from Netflix Chief Executive Officer Reed Hastings, who is a big charter school supporter and an investor in the Rocketship Education charter school network. At a meeting of the California Charter Schools Association on March 4, he said in a keynote speech that the problem with public schools is that they are governed by elected local school boards. Charter schools have boards that are not elected and, according to his logic, have “a stable governance” and that’s why “they constantly get better every year.”

Here’s a transcript of part of the Hastings speech, published on stoprocketship.com (and you can watch the video below):

And so the fundamental problem with school districts is not their fault, the fundamental problem is that they don’t get to control their boards and the importance of the charter school movement is to evolve America from a system where governance is constantly changing and you can’t do long term planning to a system of large non-profits…The most important thing is that they constantly get better every year they’re getting better because they have stable governance — they don’t have an elected school board. And that’s a real tough issue. Now if we go to the general public and we say, “Here’s an argument why you should get rid of school boards” of course no one’s going to go for that. School boards have been an iconic part of America for 200 years. So what we have to do is to work with school districts to grow steadily, and the work ahead is really hard because we’re at 8% of students in California, whereas in New Orleans they’re at 90%, so we have a lot of catchup to do…So what we have to do is continue to grow and grow… It’s going to take 20-30 years to get to 90% of charter kids….And if we succeed over the next 20 or 30 years, that will be one of the fastest rates of change ever seen around the world for a large system, it’s hard. [applause]

Actually, all charter schools don’t have stable governance and all of them aren’t getting better every year (plenty close because of their lousy governance) and even charter advocates have called for changes to improve governance structures. What Hastings is suggesting is that democratic elections themselves create unacceptable instability in governance of public education.

Note that Hastings has invested millions in Rocketship charger schools, and while they claim to to be a not for profit, stoprocketship.com does provide numerous links that seem to indicate that much of their activities are structured so as to provide profits for its principals and those who make contributions.

No wonder Reed Hastings thinks that voters are annoying.  It makes the grifting too hard.

Note that this is not limited to education, where charter schools do not (when comparing apples to apples) outperform the public school system, and where in the extreme case (New Orleans 90% charters) we are seeing increasing cases of malfeasance and misfeasance requiring greater oversight.

It also applies to things like trade deals, or the Simpson-Bowles commission.

Even if this actually resulted in good policy, it would be wrong, but when you look at things like NAFTA, CAFTA, TPP, TTIP, etc., it is clear that all it does is that it creates an orgy of corruption and rent seeking.

When you decide to take democracy out of the mix, and run this stuff “like a business”, someone gets the profit, and ain’t the taxpayer.