Private equity profits from England's unregulated children's care homes, investigation finds
By
George Monbiot
Summary
Guardian columnist George Monbiot investigates the privatization of children's care homes in England, revealing how private equity firms and profit-driven companies are taking over the sector. He exposes a system where vulnerable children in care are being placed in unregulated, often inadequate homes run by corporations focused on maximizing profits rather than child welfare. The article highlights how councils, under financial pressure, are forced to use these expensive private providers, creating a lucrative market that prioritizes shareholder returns over the safety and wellbeing of some of society's most vulnerable children.
Source
bskyPrivate equity profits from England's unregulated children's care homes, investigation findstheguardian.comKey quotes
· 3 pulledBring your suitcase, your bin liner, your dumpy bag. They're handing out money faster than you can stuff it in a sack. All you need do is join the market in what may now be England's most lucrative commodity. A commodity with arms and legs, hearts and brains, thoughts and feelings. Children.
Children in care who were being helped by a local charity I'm involved with were suddenly being whisked away, terminating the amazing progress they had been making, breaking their relationships, their sense of home, stability and security.
The market in children's care is now dominated by private-equity vultures and money-grabbing cowboys who see vulnerable kids as nothing more than profit centres.
You might also wanna read
The Guardian view on private equity in the public sector: children’s services must be freed from debt-fuelled takeovers
Private Equity Acquisition of Disability Services Raises Regulatory Concerns and Patient Safety Issues
Private equity firms have rapidly acquired over 1,000 disability and elder care service providers in recent years, raising serious concerns
governing.com·10mo ago
Watchdog report finds over 500 private equity joint ventures with non-profit healthcare providers, urges oversight
A watchdog group, the Private Equity Stakeholder Project (PESP), has released a new report detailing over 500 joint ventures between private
theguardian.com·2d agoWatchdog report finds over 500 private equity joint ventures with non-profit healthcare providers, urges oversight
A watchdog group, the Private Equity Stakeholder Project (PESP), has released a new report detailing over 500 joint ventures between private
The Guardian·2d ago
Private Equity Firms Monetize Youth Sports by Restricting Parental Recording Rights
Private equity firms like Black Bear Sports Group are increasingly investing in and corporatizing youth sports, implementing restrictive pol
jacobin.com·7mo ago‘Uniqueness’ of assisted living presents challenges for private equity involvement
Private Equity's Growing Role in the U.S. Housing Market and Its Impact on Affordability
The article examines how private equity firms are exacerbating the U.S. housing crisis by purchasing large numbers of single-family homes, p
theatlantic.com·7mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.