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Why Are We Getting Poorer?

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Why is everything so expensive now? What price life? Why are we getting poorer? First and foremost, the entire economy is set up to greatly favour owners over all other parts. Investors are owners, of course, and the company executives operate on their behalf. Shareholders are king and everyone else runs a poor second. Thus, profitability is always the prime consideration and profits have to constantly increase to satisfy the shareholders. Plus, executives manipulate the stock price through buybacks to enrich themselves wildly. This is where we get all the billionaires from. Elon Musk is a prominent illustration of this, the richest man in the world.Continue Reading

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In: economics, health, latest post, politics

Private equity investments are bad for health. These American style investments are incredibly unhealthy for the vehicles they, often, drive into the ground. Healthscope: The private equity fail for hospitals in Australia. What private equity does is saddle the thing that they buy with all the debt raised to purchase it in the first place. Then, it liquidates whatever juicy assets in the possession of the targeted investment vehicle. In this case, it was selling all the real estate upon which these dozens of private hospitals reside. This raised billions for the private equity firm. Following this all the hospitals had to pay commercial rents to the new owners of the land. Making operating the businesses more expensive.Continue Reading