Long-Term Care Fiasco a Warning About Private Ownership

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    • #379895
      eridani
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      • Total Posts: 7,455

      https://www.commondreams.org/views/2020/11/19/long-term-care-fiasco-warning-about-private-ownership

      The situation should alert us more broadly to the foolishness of our rush to privatize services that would be better left to the public sector — not just nursing homes but health care, education and other areas where the public interest is at stake.

      Privatization has become a kind of economic dogma in recent years, with business commentators and politicians routinely asserting that the private sector is more efficient and always does things better — an assertion that is rarely accompanied by any evidence.

      In fact, the crucial difference separating the private and public sectors is that the private sector is focused on profit-making. Indeed, this is the only real purpose of a business enterprise.

      So, regardless of what industry spokespeople say, a private company in the nursing home business is focused on maximizing profits, as its board of directors demands.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #379912
      Cold Mountain Trail
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      • Total Posts: 10,664

      “Privatization has become a kind of economic dogma in recent years, with business commentators and politicians routinely asserting that the private sector is more efficient”

      In *recent* years?  How long has the writer been living in that cave?

      Its been dogma since reagan.

      And nursing and care homes are now mostly owned by large corporations and investment vehicles.

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