As this New York Times article reminds us, the invisible hand of the market (hear the song "Can You Lend An Invisible Hand?") is about anything but giving, or understanding, in the true sense of human need. Even more astounding, however, is that we would ever think that the same system that, after creating the decline of a viable middle class able to pay for absolutely necessary public infrastructure, or public services, wouldn't cut corners in delivering same to a captured market. Because, after all, profit is our true ruler now. And you thought it was government formed by the people, for the people, under the rule of law. What a rube.
When You Dial 911 and Wall Street Answers
Since the 2008 financial crisis, private equity firms have increasingly taken over public services like emergency care and firefighting, often with dire effects.
By DANIELLE IVORY, BEN PROTESS and KITTY BENNETTJUNE 25, 2016
See Also:
Water Systems Violate Lead Rules Nationwide, Advocacy Group Finds
by MAGGIE FOX
BOTTOM LINE NATION:
This Is Your Life, Broughtto You by Private Equity
Since the financial crisis, the private equity industry has become
hugely influential. Here’s how it plays out in your daily life.
By JENNIFER DANIEL,
JOSH WILLIAMS,
BEN PROTESS and
DANIELLE IVORY | AUG. 1, 2016
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