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I don't think private equity is really to blame. As the government cannot afford to provide services anymore it outsources them. The tax rate stays the same, o
by timwaagh 10y ago
I don't think private equity is really to blame. As the government cannot afford to provide services anymore it outsources them. The tax rate stays the same, of course. Governments are getting ever more inefficient at what they do, leading to ever more austerity measures. how to break this spiral i do not know. making a government more efficient is not something that's usually discussed but it is becoming ever more obvious money is leaking at an accelerating pace.
- afsina 10y agoTrying to make a Government efficient is a fools errand.
- ionised 10y agoAs is trying to make a hedge fund, private equity fund or publicly traded company soicially responsible.
- otempomores 10y agoThe london water system changed pe-hands like a hotpotatoe. Getting pe to act responsible is a fools errand. And the zoomed out mosaic from this neo-lib thief socialism looks pretty wastefull too.