... the link between long-term care and land concentration
From food to frailty: the link between long-term care and land concentration
[ https://rabble.ca/columnists/2021/02/fo ... centration ]
Lois Ross February 24, 2021
EXCERPT:
It's the same way I felt when I wrote a column in November 2019 on land grabbing [ https://rabble.ca/columnists/2019/11/la ... production ] here in Canada and elsewhere in the world.
What do for-profit long-term care homes such as Revera and land concentration have in common? Both are being impacted by "financialization." And you and I, albeit unwittingly, are a part of it.
Financialization is a term increasingly used to underscore the process by which financial actors -- including hedge funds, private-equity firms, wealthy individuals, and pension funds -- are buying farmland as part of investment strategies.
But the term financialization can also be extended to for-profit long-term care homes.
And therein lies the link between land concentration and land grabbing, and what has become the painfully obvious neglect happening in many for-profit long-term care homes during this pandemic.
But the links between land concentration and retirement homes do not stop with "financialization" -- and this is where you and I become complicit in this horrible scheme of things. It is also where local meets global -- and how our pension-plan management policies are not only harming us here at home, but likely our neighbours around the world.
It is a story of how we are fouling our own nest, and, along the way, the nests of others. . . .
MORE . . . .
[ https://rabble.ca/columnists/2021/02/fo ... centration ]
Lois Ross February 24, 2021
EXCERPT:
It's the same way I felt when I wrote a column in November 2019 on land grabbing [ https://rabble.ca/columnists/2019/11/la ... production ] here in Canada and elsewhere in the world.
What do for-profit long-term care homes such as Revera and land concentration have in common? Both are being impacted by "financialization." And you and I, albeit unwittingly, are a part of it.
Financialization is a term increasingly used to underscore the process by which financial actors -- including hedge funds, private-equity firms, wealthy individuals, and pension funds -- are buying farmland as part of investment strategies.
But the term financialization can also be extended to for-profit long-term care homes.
And therein lies the link between land concentration and land grabbing, and what has become the painfully obvious neglect happening in many for-profit long-term care homes during this pandemic.
But the links between land concentration and retirement homes do not stop with "financialization" -- and this is where you and I become complicit in this horrible scheme of things. It is also where local meets global -- and how our pension-plan management policies are not only harming us here at home, but likely our neighbours around the world.
It is a story of how we are fouling our own nest, and, along the way, the nests of others. . . .
MORE . . . .