Patients are more likely to fall, get new infections, or experience other forms of harm during their stay in a hospital after it is acquired by a private equity firm, according to a new study led by researchers at Harvard Medical School.
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
It’s almost like privatizing public services is, somehow, a bad idea. But, but, but… capitalism…
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
Right. Like they deliberately make good things into shit. I wish there was a good term for this phenomenon.
hmm, if we follow the example like “desertification”, how about “shittification”?
Enshittification. Coined by Cory Doctorow.
Haha yes, I know. I was kidding. Sorry.
It’s called “rent seeking.” Even if some ya sci-fi author tried to coin a new term, there is nothing new about this type of behavior.
They’re polar opposites.
Maybe one day there will be politicians with the balls to actually do something about it.