Don't worry, this happens everywhere that caves to free market ideologies. In the UK local government (tax payers) get ripped off exactly the same for social care. Private equity firms know the local government has a legal duty to provide care for the elderly and those with chronic conditions. So they can charge whatever they want.
Obviously the global investors have no problem morally with this, they are more than arms reach away. It's an executive in one of the companies they own that takes the heat for a couple of weeks, and then it goes away (and the executive gets their bonus for being the face of immorality).
If anyone wonders why public services are crippled, this is the main reason.
Obviously the global investors have no problem morally with this, they are more than arms reach away. It's an executive in one of the companies they own that takes the heat for a couple of weeks, and then it goes away (and the executive gets their bonus for being the face of immorality).
If anyone wonders why public services are crippled, this is the main reason.