Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/506/3304

From The Socialist newspaper, 17 October 2007

Children's homes at risk of buy-outs

IT IS like a scene out of Oliver Twist. A big private equity firm (which are notorious for their high profits and cost-cutting attitudes) bought up a profit-seeking company in 2000 that ran 45 care homes for sexually abused and autistic children. That subsidiary has now gone bankrupt (Observer, 14 October 2007).

The unfortunate children were then shunted back and forth between different local authorities many had no place to go after school ended.

Cuts in council budgets, and the government's love of privatisation have caused a stampede of private equity firms into both the foster care and elderly care sectors. Private equity firms now control 30% of the 'independent' ie profit-seeking foster agency 'market'! How many other children's homes are in danger of bankruptcy or of private sector buy-outs?

This government's laissez-faire approach to private business has made London the world's buy-out capital. Most capitalist firms, particularly crudely in the case of private equity firms, run for profit and flourish or crash on the anarchy of the market.

Foster agencies look to private sector firms because their high profits give them the chance to expand or alternatively go belly-up. But why is there a market in children's misery? Why aren't local authority social services departments well enough financed and staffed to deal with tragic cases of sexual abuse or the problems of severe autism?

No more privatisation of vital social and health services! Care homes owned by private corporations should be taken into public ownership and become part of the NHS or of a well-financed local authority social services department.

Keith Whitehead

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 17 October 2007:

National Health Service Cutbacks and privatisation kill

National NHS demo

The vultures are circling ever closer

10,000 march in Sussex

Swansea fights the cuts

Rally for Socialism


Postal dispute

Exposing Royal Mail's lies

Postal workers waiting to assess Royal Mail deal

Fighting Royal Mail management's attacks

Solid unofficial action in East London

National Shop Stewards' Network meetings

Daylight robbery in Scotland!

Save Bolsover Post Offices


Socialist Party Marxist analysis

Brown's blues


International Appeal

Students on trumped-up charges


Socialist Students

Scrap fees for all students


National Shop Stewards Network

Young workers and students need to get involved

"You've got to stick together"

Stop the placement rip-off now!


Campaign for a New Workers Party

Tony Benn evades the issue


Trade Union Freedom Bill

Trade Union Freedom Bill: Banishing Thatcher's anti-union legacy?

Working longer hours for less pay


Socialist Party women

ITV2 - making a good deal out of women's bodies


International socialist news and analysis

Workers' struggle and political instability sends Polish government into meltdown

Australia: Liberals v Labour - no choice for working people in election


Socialist Party news and analysis

Children's homes at risk of buy-outs


 

Home   |   The Socialist 17 October 2007   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Reports and campaigns

Reports and campaigns

12/10/17

Cleaners

Justice for Tube cleaners demo

11/10/17

Salford

Salford Unison condemns pay cuts

11/10/17

Royal Mail

CWU fights court attempt to stop national strike

11/10/17

Carlisle

Carlisle NHS campaigners hand in petition to MP

11/10/17

Green

Don't wreck our rec! Campaigning to save green space in Standish

11/10/17

Fire

No more fire deaths - ensure safety now!

11/10/17

Cardiff

Cardiff Socialist Students confront 'Parasite' Jacob Rees-Mogg

11/10/17

John McDonnell

Manchester rally discussed unionisation and nationalisation

11/10/17

Orgreave

Join the Orgreave Halloween rally

11/10/17

Union

Workplace news in brief

11/10/17

Democratic rights

Who's watching who?: The fight for justice, trade union and democratic rights

6/10/17

Northern Ireland

Boeing bust-up threatens thousands of skilled jobs

5/10/17

Runcorn

Too much to cross the Mersey

4/10/17

Royal Mail

Set for national strike action

4/10/17

London

Supporting the general strike in Catalonia

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle16 Oct Teesside Socialist Party: After the party conferences

triangle17 Oct London: TUC lobby & rally; and London march

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2