involves the transfer of public assets like schools to private companies
in recent years, there has been a trend towards privatisation of important aspects of education both in the UK and globally
in the process education becomes a source of profit for capitalists in what Ball calls the 'education services industry' or ESI
private companies in the ESI are involved in activities in education like building schools, providing supply teachers, Ofsted, career advice and running entire local education authorities
these ESI activities are very profitable, according to Ball 2007 companies involved in such work expect to make 10x as much profit as they do on other contracts
however local authorities are often obliged to enter into these agreements as the only way of building new schools because of a lack of funding by central government