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What a silly complaint about the Southern Cross collapse

SOUTHERN Cross was, as you will remember, the care homes company that went bust. At the time it did there were great wailings that the elderly would be thrown out on hte street and how this proved private profit making was just appalling. Man.

Of course what actually happened is that the people who owned the care homes simply found another manager and no one was moved at all. Just the shareholders in Southern Cross lost all their money for the mistake of hiring the wrong people using the wrong business model. Which is exactly the way this capitalism shtick is supposed to work.

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Posted: 12th, November 2012 | In: Money | Comment