The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Capitalist Leeches Take over Nursing Homes

Jun 10, 2019

Translated from DAS ROTE TUCH (Workers Red Banner), a revolutionary workers’ journal in Germany.

More and more nursing homes in Germany are being bought by hedge funds—nearly 100 last year. Hedge funds take out loans to buy nursing homes. Then they pitilessly cut corners on everything—staff, equipment, food, etc.—to pay back the debt and to make the nursing homes “lean” enough to sell at a profit.

In this society, nothing is spared from the profit motive. Capitalists speculate on everything: food, housing, and even the health and dignity of the elderly.