The COVID pandemic has revealed problems in our society which we will need to fix. Thankfully researchers are identifying what problems are fixable by looking for the cause. Long term care homes (LTCs) are one such area of our society that we can improve, and do so very easily too. It turns out the non-profit LTCs are safer places for people to live and that they will live longer in a place that puts people ahead of profits.
Let’s make all LTCs non-profits. The profit motive and the goal of caring for people don’t always go together.
The COVID-19 pandemic revealed that for-profit long-term care homes had worse patient outcomes than not-for-profit homes. A new study found that of those for-profit homes, long-term care homes (LTCs) owned by private equity firms and large chains have the highest mortality rates.
“Financial firms are in seniors’ housing for what they can take from it, not .what they can contribute. This approach – and the prioritization of profits is what guides financial firms,” she said. “It’s at odds with the social and moral imperatives that underline the need to provide good homes, high-quality care and dignified environments for our elderly populations and the workers who care for them.”
Capitalism favours the wealthy and what we have seen this entire millennium is that this is more true than ever. Inequality is on the rise pretty much everywhere, and this is a problem. In this TED Talk, Paul Tudor Jones II, examines the current problematic state of capitalism and how we can rethink it.
Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society.” In this thoughtful, passionate talk, he outlines his planned counter-offensive, which centers on the concept of “justness.”
The ongoing process of investment firms divesting from fossil fuels continues to be a good idea for the planet and for profits. It’s worth noting that the big push behind this was a student-led movement to get universities to divest their giant pools of money from unethical investments.
Let’s hope that this continues for many years to come!
* When SRI investment professionals divest of fossil fuel companies, the three places they are most likely to reallocate those investments are: renewable energy companies (59 percent); Â“proportionately across the remaining portfolio (56 percent); and clean technology companies (52 percent). (Respondents were allowed to provide multiple answers to this survey question.)
* Many more survey respondents (61 percent) are concerned about Â“stranded assetÂ” risks to investors created by climate change than those who are not (15 percent). Only one in four respondents either donÂ’t know about or are unsure about this Â“carbon bubbleÂ” risk.
Farmers in the UK have benefited from complimenting their growing of crops with renewable energy production. Some farmers have installed wind turbines and others solar, but the result is the same: farmers can keep farming and profit from energy production.
Renewable energy is promising to overtake rural tourism as a secondary income for the agricultural sector, with 200 megawatts of power â€“ enough for 40,000 households â€“ installed, according to joint research by the National Farmers’ Union (NFU) and NatWest bank.
They found that one in six farmers will have solar photovoltaic (PV) systems in place by the middle of this year and one in five will be producing clean electricity by this date. If this trend continues, as much as 15% of all UK electricity from renewable sources come from the land by the end of this decade, they believe.