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Anne Cahill's avatar

How much of the increase in the cost of child care is due to private equity buying up child care businesses? Costs have ballooned in other types of businesses as private equity bought them up and became monopolies.

William Hartman's avatar

Child care is but one of many expenses that have skyrocketed in the past couple of decades. Others include home ownership, education, and health care, with things like food and insurance closing in fast. The majority of American workers have seen their share of national wealth either stagnate or decline and this has been trending consistently since the 1970's.

This battle over wealth goes back to the beginnings of human "civilization". Every now and then, there are protests or revolts and things get better for a decade, maybe even two, but the wealthy always find ways to hold on to and usually expand their wealth at the expense of everyone else. With AI and the increasing cost of climate change, things will get worse, much worse, unless a sense of fairness overtakes the greed of the billionaires.

Trump owes his election to those who've found themselves on the short end of the economic stick. He is a portent of the future unless we get serious about sharing the dream of life, liberty and the pursuit of happiness. And that threat applies to the ultra rich as well. They need to keep in mind what has happened to "royalty" when the people's patience reaches its end.

The Democratic party has an unparalleled opportunity to get our society moving in the right direction. It needs to abandon its fear of being called socialist by putting forth humanistic programs that will allow anyone to achieve a healthy, intelligent, and rewarding life no matter what their race, religion, ethnicity or economic status may be. If we do this, there will be untold benefits for all of society as everyone finds a productive way to contribute to something they believe in. The alternative is what I really fear.

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