Comment on Modern problems require modern solutions
Arghblarg@lemmy.ca 1 day agoBain Capital? The Bain Capital? Ugh.
In his 2009 book The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy, Josh Kosman described Bain Capital as “notorious for its failure to plough profits back into its businesses,” being the first large private-equity firm to derive a large fraction of its revenues from corporate dividends and other distributions.
Quokka@quokk.au 1 day ago
Yes that Bain Capital.
Childcare in Australia is subsidised by the government, so the childcare centres raise fees and every few years the government raises the subsidy so parents can afford it. Once it’s affordable the centres raise fees again, it’s a vicious cycle.
I read the meeting minutes from when they bought us out and it was all about how they struck gold with free government money. They didn’t give a shit about the children, just how much tax payer money they could take out of our country.