Under capitialism, why would anyone think that this is anything but expected.

These living communities are meant to house you, until you die, for a price. You have saved up money to pay for that service until you die. Why would they leave money on the table? Why would they spend any extra on someone who's "going to die anyway". Someone who is barely ambulatory; who has few outside connections.

It's the horrible result of end stage capitalism, but it's hardly unexpected.

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foobarian a day ago | parent | next [-]

> Why would they leave money on the table?

Because if they don't, the customer will go to the competition who does.

	▲	John23832 a day ago \| parent \| next [-]
		Customers who are elderly, obviously don't have others watching over them, and are mentally and/or physically degraded? You expect those customers to exercise the choice of the market? The reality is that once that elderly person has moved to the retirement facility, they're pretty much a locked in customer. The firm (sadly) can pretty much do with them as they please within the extent of the law.
	▲	BobBagwill a day ago \| parent \| prev \| next [-]
		Ah, the "Perfect Competition" fallacy!
	▲	Digit-Al a day ago \| parent \| prev \| next [-]
		Ever heard of a confusopoly[1]? [1] https://en.wikipedia.org/wiki/Confusopoly
	▲	intended a day ago \| parent \| prev [-]
		There are exceptions to this rule, and I am sure you are aware that all industries do not have the same ability to change providers, like say telecom. You are NOT going to be changing houses and care homes very regularly past a certain age. The animal that you pilot, will simply not have the capability to power through the change, remember every item, keep on top of documents, bills and more. You will not necessarily have friends and family to help you through this. Going to court is unpleasant, since it will mean you are going to spend the rest of your life fighting. You may count on the fact that some portion of people will be fighters, and willing to sue, but thats statistic is of little comfort if you are the one fighting.

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triceratops a day ago | parent | prev | next [-]

Is there a reason to believe this wouldn't happen under other economic systems?

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John23832 a day ago | parent [-]

Yes there is.

Wringing the elderly for profit would not happen under any other economic system because Capitalism is the only economic system which puts profit as the central motivation.

My understanding is the profit is purely a capitalistic idea. Feel free to prove me wrong.

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triceratops a day ago | parent [-]

Does that mean the elderly would be better cared for?

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John23832 a day ago | parent [-]

That is orthogonal to the point being made.

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triceratops a day ago | parent [-]

Not necessarily. Without profit you're relying solely on intrinsic motivation to ensure good care. I won't deny it's a powerful motivator but how many people are passionate about eldercare? You might get fewer care centers overall.

	▲	John23832 a day ago \| parent [-]
		> Not necessarily. Without profit you're relying solely on intrinsic motivation to ensure good care. I won't deny it's a powerful motivator but how many people are passionate about eldercare? You might get fewer care centers overall. The above is a bunch of non-sequitur nonsense. The article is about how senior living facilities do everything they can to reduce cost/liabilities and to maximize profit. Did you actually read it or are you just posting contrary comments? I responded to the article that under capitalism, of course these firms are going to maximize profits. Even when doing something that most of us would consider a humane responsibility like elder care. You asked me why do I limit profit seeking in this manner to capitalism, seemingly not knowing that profit is a Capitalistic idea. And then you non sequitur into whether elders are taken care of under all economic systems and what motivates that. THE POINT BEING MADE is that regardless of what the outcome of the situation is, elders being taken care of, elders not being taken care of, houses being painted red vs blue, etc, it is unsurprising that firms are seeking maximize profit. The question to be ask it is why they would not seek profit, under capitalism.

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m0llusk a day ago | parent | prev [-]

Capitalism is a system. When you burn your food that is not end stage cooking, but a failure to manage cooking as a system. When your worn tires blow out while speeding causing you to fly off the road that is not end stage vehicular mobility, but irresponsible driving.

The last time Capitalism went unchecked and tried to eat itself was the Great Depression. That was ended by controlling Capitalism with strong regulations, high taxes on the rich, and pervasive union membership of workers. And the Social Security system and Medicare were also a part of that deal.

When people talk of "end stage Capitalism" all they are saying is that they lack the will and the power to use the tools we already know work to solve these problems.

	▲	n4r9 a day ago \| parent [-]
		Perhaps they're saying that the system inevitably evolves into a subset of the state space regardless of controls.