[testemailfordg2]

Privatize the profits and socialize the losses, is this too difficult to understand of being the core motto of a private equity firm. A PE firm will not have patients at the top of their priority, unless legislation enforces and regulates that.

[anon7000]

This is essentially just how capitalism works. Money is the only priority. So in ANY market where the financial incentive opposes human well-being, humans will suffer. That’s true in healthcare, where we’re often getting a worse product which is more expensive. While in other industries like consumer electronics, the incentives are aligned and humans are getting better products for cheaper.

The PE firm is a great representation of why monopolies eradicate the positive incentives in capitalism.

And this only happens after a long time and companies have had a chance to centralize vast amounts of money and power. Since there is no point that’s “good enough,” these massive companies are forced to continue growing by cutting costs (worse services, lower salary, fewer employees, closing locations) or doing absurd tricks like stock buy-backs to make their shareholders and executives very wealthy.

It’s literally impossible to avoid this situation without strong consumer protection and anti-trust regulation because the incentives for massive companies are so deeply unaligned with human well-being and society’s best interests.

We can either take strong action against massive companies or accept that this trend will inevitably get worse. It’s called late stage capitalism for a good reason