A crime committed in a Victorian childcare centre a month ago has uncovered a dangerous situation, developing for decades, where the drive for profit has taken priority over care, education and safety.

One worker’s criminal actions have sent shockwaves through the community. Up to 20 centres have been identified as potential locations where he committed offences.

The federal government subsidised more than 9600 childcare centres to care for 800,000 children last year to the tune of $14.8 billion.

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Fifty percent of all children under five attend childcare. With so much surety and a captive market, childcare has become a lucrative investment for companies, such as The Vanguard group and BlackRock Funds, looking to profiteer. These outfits also benefit from a lax accreditation system.

The industry is separated into........

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