The link is to an article published in The Guardian considering the impact of private equity funding on a range of services/utilities essential to the life of individuals. It points out with clarity the effect of the profit motive and the absence of effective democratic oversight and control. The article notes that little information is in the public domain on the financial position of the companies engaged in private equity funding.
How is it possible to influence the decisions of such organisations that are beyond the clutch of public opinion/ opprobrium, fulminating politicians and the voluntary sector, including faith groups?
What is required is for government to deliver systemic change to the financial and statutory framework within which private equity funders operate. I have seen little evidence of the major religious denominations arguing for change, but as the author of the article states cogently the present arrangements enable the funders to get richer at the expense of individuals, many of whom have difficult financial circumstances.
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