This Could Be The Biggest Recession Since The 1930s

[El Cid]

4 hours ago, Anna B said:

When care is costing upwards of £1,000  a week for very little.  As with most things delegated to the private sector, it has just become an opportunity for greed and profit taking by the big companies, most of which are domiciled in tax havens abroad.

Don't we have enough entrepreneurs?

[Anna B]

2 hours ago, El Cid said:

Don't we have enough entrepreneurs?

Probably, but the fact is any successful entrepreneur with a business will soon find he gets an offer he can't refuse to sell it to one of the big boys. That way they cut down the opposition and grow their empire. Once they have a monopoly they can put their prices up as much as they like because there's no one left to oppose them.

 

Care homes are a case in point. The 500+  care home companies in Britain, who now own 95% of all care homes are actually subsidiaries of just 4 parent corporations that are domiciled in the Cayman Islands. So this cartel can put their prices up at will. 

 

The same thing is happening with vets, dentists, opticians and much of the outsourced services of the NHS.

this is Neoliberalism and free market economics at work; the small fish are eaten by the big fish, then along come the mighty sharks who form a cartel and hold everyone to ransome.

 

Capitalism runs riot. Winner takes all.

[L00b]

8 minutes ago, Anna B said:

Probably, but the fact is any successful entrepreneur with a business will soon find he gets an offer he can't refuse to sell it to one of the big boys. <…>

You seem to be assuming that successful entrepreneurs want to keep ahold of their venture, until and unless that offer they can’t refuse is made…

 

…maybe you should look up the expression ‘exit strategy’.

 

 It’s the first question any entrepreneur gets asked by any serious investor, at seed funding stage if not before, after the elevator pitch 😉

Edited August 8, 2022 by L00b

[Anna B]

2 hours ago, L00b said:

You seem to be assuming that successful entrepreneurs want to keep ahold of their venture, until and unless that offer they can’t refuse is made…

 

…maybe you should look up the expression ‘exit strategy’.

 

 It’s the first question any entrepreneur gets asked by any serious investor, at seed funding stage if not before, after the elevator pitch 😉

I'm not saying people shouldn't sell their businesses, but obviously they will probably sell to the highest bidder.

And no one can compete with the top dollar offers of the big companies, who have money spare to top any other offer, 

so they are able to buy out all the competition and grow ever bigger. 

[Mikhail_Lieb]

On 21/06/2022 at 08:23, crookesey said:

Would that include Public Sector jobs?

Liz Truss would seem to think so.

 

https://www.theguardian.com/society/2022/aug/02/rees-mogg-denies-truss-plans-cut-public-sector-pay-outside-london

 

Though she has now U-Turned.

[L00b]

So it begins.

UK economy shrinks between April and June

https://www.bbc.co.uk/news/business-62504789

 

Edited August 12, 2022 by L00b

[Dromedary]

4 hours ago, L00b said:

So it begins.

UK economy shrinks between April and June

https://www.bbc.co.uk/news/business-62504789

Yep it certainly does and it seems the UK is not alone.

 

https://www.oecd.org/economy/luxembourg-economic-snapshot/

 

 

[Delbow]

If anyone wants to be involved in a national campaign to make the wealthiest pay for the latest crisis rather than ordinary people (again) you can sign up here to get updates, there will definitely be things happening in Sheffield. 300,000 signed up in the first three days.

41 minutes ago, Dromedary said:

Yep it certainly does and it seems the UK is not alone.

 

https://www.oecd.org/economy/luxembourg-economic-snapshot/

 

 

You've compared the UK, where the economy shrank in Q2, with a country where growth is over 2%. The Eurozone grew 0.7% in Q2.

[hackey lad]

3 minutes ago, Delbow said:

If anyone wants to be involved in a national campaign to make the wealthiest pay for the latest crisis rather than ordinary people (again) you can sign up here to get updates, there will definitely be things happening in Sheffield. 300,000 signed up in the first three days.

Hope the Councils not organising it

[Delbow]

1 minute ago, hackey lad said:

Hope the Councils not organising it

No, thankfully. Instead, people who know how to organise.