Corporate Care Homes Will Never Work
This week’s Panorama on the care crisis missed the most important point: that quality care is impossible in a system geared towards cutting corners and squeezing profits.
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Matthew Ponsford is a freelance journalist with bylines in Wired, the Guardian, and the Financial Times.
This week’s Panorama on the care crisis missed the most important point: that quality care is impossible in a system geared towards cutting corners and squeezing profits.
Worldwide, secretive ‘family offices’ turn individual wealth into dynastic fortunes for everyone from CEOs to ex-prime ministers – and they’ve made big money from the Covid crisis.
This month, Berlin’s rent cap was overturned by Germany’s constitutional court, leaving tenants facing millions in back payments – but the idea remains a popular solution to the growing urban housing crisis.
Before the pandemic, private equity had amassed $2.5 trillion – more than the GDP of Italy – in ‘dry powder,’ waiting for distressed assets to plunder. Covid-19 provided them with the perfect opportunity.