In times of austerity avenues for capital investment are not easy to find. Most of us see our savings dwindling as interest rates struggle to keep up with inflation. Where then to turn for a good return? Two story lines in the headlines recently are the lack of social housing and the failing NHS. The government is continually thinking up incentives to encourage developers to build social housing and reports are continually highlighting shortcomings in health provision (this week's story has focussed on the 'crisis' in the A & E departments).
In times of austerity when people have less money to spend on consumer goods, holidays and the like, capital has to turn to more basic needs like housing and health to get a good return. Not much good if those services are provided by the state so, once again, privatisation and deregulation are the order of the day. Private health companies must be salivating at the prospects of profits every time another nail is driven into the coffin of the NHS. And developers must be rubbing their hands with glee as planning regulations are relaxed and green belt is released for building. Good for them, but is it good for us? I'll have to think about that next ...
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