Private Equity firms are killing us

[poweRob]

If you don't want to be disgusted, do not read this thread. It is literally making massive profits off of destroying companies... and no, I do not mean their competition.

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[The Mark]

IMO there are certain services which cannot be effectively run by an entity that needs to make a profit.

Health care (not R&D, but the actual caring for patients part)
Prisons/detainment facilities, basically any place where people are not allowed to leave from for one reason or another.


My reasoning is that in both of these cases, there will arise situations where allowing harm to a person will provide more profit.

 

[washunut]

If you don't want to be disgusted, do not read this thread. It is literally making massive profits off of destroying companies... and no, I do not mean their competition.

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Please be more specific. Not sure the biggest private equity funds are doing this.

 

[Craig234]

Health care (not R&D, but the actual caring for patients part)

R&D also. For example, priorities of what to research will be warped to far less important but more profitable areas.

Prisons/detainment facilities, basically any place where people are not allowed to leave from for one reason or another.

It's not just direct issues of profit versus care. It's also indirect, such as the prison industry lobbying for more crimes, longer sentences, more convictions, ll for profit also. This is in addition to how 'for profit' can increase costs for that profit, with lawmakers unconcerned thanks to donations.

 

[The Mark]

R&D also. For example, priorities of what to research will be warped to far less important but more profitable areas.

If the main customer doesn't have a profit motive, they can direct funds to influence research priorities.

Plus it's a big enough ask currently to be talking about what I already suggested, let alone accomplishing it. There's a shitload of money in that industry, and talking about removing the profit motive is a threat to many rich persons.

It's not just direct issues of profit versus care. It's also indirect, such as the prison industry lobbying for more crimes, longer sentences, more convictions, ll for profit also. This is in addition to how 'for profit' can increase costs for that profit, with lawmakers unconcerned thanks to donations.

Yes.

 

[Mycroft]

If you don't want to be disgusted, do not read this thread. It is literally making massive profits off of destroying companies... and no, I do not mean their competition.

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If you don't like those Globalists, you should be supporting Trump.

 

[Greenbeard]

KHN took a dive into this topic a week or so ago:

Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties - KFF Health News

Private equity firms have shelled out almost $1 trillion to acquire nearly 8,000 health care businesses, in deals almost always hidden from federal regulators. The result: higher prices, lawsuits, and complaints about care.

khn.org

Worth a read.

 

[MamboDervish]

If you don't like those Globalists, you should be supporting Trump.

Supporting Trump for .... what?

 

[LucyLou]

If you don't like those Globalists, you should be supporting Trump.

Donald Trump is a globalist. Look at his business dealings. His MAGA schtick is for the gullibles. Oops, no offense

 

[Gateman_Wen]

If you don't want to be disgusted, do not read this thread. It is literally making massive profits off of destroying companies... and no, I do not mean their competition.

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It's a pretty ****ed up way to do "business".

 

[Gateman_Wen]

If you don't like those Globalists, you should be supporting Trump.

Ah, another joke?

 

[Mycroft]

Donald Trump is a globalist. Look at his business dealings. His MAGA schtick is for the gullibles. Oops, no offense

Don't let your hatred make you lie. You know he's not.

 

[jcgriff2]

It's not just direct issues of profit versus care. It's also indirect, such as the prison industry lobbying for more crimes, longer sentences, more convictions, ll for profit also. This is in addition to how 'for profit' can increase costs for that profit, with lawmakers unconcerned thanks to donations.

You think the prison industry is advertising on Twitter or elsewhere begging people to commit more crimes than they already do?

Certain crimes should absolutely carry much more prison time than they do now. To give a 5-time loser probation for their 3rd or 4th GTA is ludicrous. >2 GTA conviction for GTA s/b 10 years mandatory minimum.

"More convictions" - ?? How -- do you want juries to be bribed now to assure a conviction?

Or do you just want no bail for anything; do you believe in "...we'll, it's only the 24th time he's raped a girl under 10, but I guess we can give him another chance." - THAT IS SICK. I can tell you exactly what should happen to a child molester. Need about 5 guys, an axe, and <5 minutes. That guy will never rape again - guaranteed.

We should be building new prisons at the rate of 1 per week in the US.

 

[The Mark]

You think the prison industry is advertising on Twitter or elsewhere begging people to commit more crimes than they already do?

Certain crimes should absolutely carry much more prison time than they do now. To give a 5-time loser probation for their 3rd or 4th GTA is ludicrous. >2 GTA conviction for GTA s/b 10 years mandatory minimum.

"More convictions" - ?? How -- do you want juries to be bribed now to assure a conviction?

Or do you just want no bail for anything; do you believe in "...we'll, it's only the 24th time he's raped a girl under 10, but I guess we can give him another chance." - THAT IS SICK. I can tell you exactly what should happen to a child molester. Need about 5 guys, an axe, and <5 minutes. That guy will never rape again - guaranteed.

We should be building new prisons at the rate of 1 per week in the US.

You don't need to ask people to crime more when people who cannot afford bail admit to crimes they didn't do to escape waiting in jail while not convicted.
That way you skip trials and don't even need to bother bribing juries.
Bail should be reserved only for people who are not a flight risk or danger to anyone - if they're a flight risk or danger to others they should be kept in jail without bail. If they're neither, then they should be released to wait for their court date.

Edit: We already have a higher percentage of our population in jail than any other nation on earth
And a higher total number of imprisoned people.
We have more people in prison than China does, and their population is much larger than ours.


Edit 2: Keeping people who are not flight risks and not a danger to others in jail simply because they could not afford bail is unacceptable - if that occurs, then bail is too high for that case.

 

[Loulit01]

You don't need to ask people to crime more when people who cannot afford bail admit to crimes they didn't do to escape waiting in jail while not convicted.
That way you skip trials and don't even need to bother bribing juries.
Bail should be reserved only for people who are not a flight risk or danger to anyone - if they're a flight risk or danger to others they should be kept in jail without bail. If they're neither, then they should be released to wait for their court date.

Edit: We already have a higher percentage of our population in jail than any other nation on earth
And a higher total number of imprisoned people.
We have more people in prison than China does, and their population is much larger than ours.


Edit 2: Keeping people who are not flight risks and not a danger to others in jail simply because they could not afford bail is unacceptable - if that occurs, then bail is too high for that case.

The solution isn't to build more prisons: The solution is to reduce the number of crimes committed by addressing the root causes. For profit prisons are exactly the worst thing we can do.

 

[Ug make hammer]

If you don't like those Globalists, you should be supporting Trump.

Private equity firms =/= Globalists.

Perhaps if you didn't treat everyone else as idiots, you'd get more honest debate on this site.