Isn’t that vicious lust for capitalist profit just so gorgeous?

The private equity barons lust after mere profit, being able to pile that money high:

It was sold by the private equity firm Graphite Capital to another private equity group, Cap10, in May 2024, as part of a well-established model to buy up companies, maximise their assets and sell them on for a profit.

The consequences for staff and children at the front end of its services was huge. Multiple sources inside the children’s home division said that, as they prepared for sale, they were pressed to rapidly open more homes and take on more children, even when they didn’t have the staff to keep up. They claim they were told this was so the company could be sold for the maximum amount of money.

The way to make more of that vile cash is to expand the services on offer. To do more.

The Guardian seems to think there’s something wrong here. We differ. For look at the effect. That capitalist viciousness in pursuit of gelt and pilf leads to more children’s homes to service the needs of the most vulnerable in our society. Isn’t that a lovely and desirable thing? For we do actually want more children’s homes out there, those we have are not sufficient for the demand.

In fact, we’d say this is just gorgeous. Private greed for the gold that can be piled high means more children can be cared for, faster, than any other known method. We should perhaps harness this vicious capitalist greed to provide more things we think we’re short of. No?

Tim Worstall