alt Hacker NewsThat's not the fundamental problem.
The fundamental problem is that we have ceased demanding that our government produce reasonable outcomes.
The reasons for that are many, but it's a core sign of how far we've fallen that there's even a discussion or argument about this obvious fact. We are in charge. We can just ban private equity companies from doing this you know.
There didn't used to be ambiguity about the point of having a society and having that society governed by the people and having those people's representatives solve problems like this.
That ambiguity was created on purpose, for money, by specific people. Not coincidentally, they're the same people making the profits in this story.
Replies
We have done quite the opposite. We have insisted that the government allow, and even encourage, unreasonable outcomes, so long as they benefit the right people at the cost of... well, if you have to ask, it's you.
What was the standard of care that the government used to provide for elderly nursing in the good old days?
It seems like you are remembering a history that never existed
> We can just ban private equity companies from doing this you know.
From doing what exactly? Do you think small businesses are any better about cutting corners for profit? They're often worse because they have worse economies of scale and face more cost pressure.