Yves here. We’ve covered the pathbreaking work of Eileen Appelbaum and Rosemary Batt on how private equity acquisitions of outsourced hospital and outpatient center staffing, along with buyups in related areas like ambulance services, veterinary products and pet supplies, have led to price increases and deterioration of care. Political scientist Laura Katz Olson builds on and extends their work in her recent book, Ethically Challenged: Private Equity Storms US Health Care. The article below makes for a good introduction for friends and family members who may be new to this topic.
By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website
Newsflash: Private equity firms– the most rapacious entities ever spawned by Wall Street — want your body. https://www.nakedcapitalism.com/2022/05/your-money-and-your-life-private-equity-blasts-ethical-boundaries-of-american-medicine.html
Now I cannot but muse on the PLA Hospitals and transplants and organs in the U.S. medical system on grey and black markets. The human biological integrity is now spare parts.
And for now biotech is possible. How far can this augmentation of Adam go we do not know. Civilization is collapsing. High technology civilization is fragile. Biotech especially is fragile.
High technology civilization relies on 8 billion people.
200 or 500 million people is Greek cities territory if we're lucky.
I can forsee the new city state. Polis, no I cannot.