Canada’s pension funds are profiting from financialized long-term care while widespread negligence is killing residents. It’s time to take the company that is behind this rapacious profiteering into public ownership and fully socialize Canada’s health care system.
Kevin Skerrett is a senior research officer assigned to pensions for a public sector union based in Ottawa, Canada. He just completed a term as visiting professor at the Institute of Political Economy at Carleton University. He is coeditor of The Contradictions of Pension Fund Capitalism.