The Newest Threat to The Care Economy: Private Equity - Who Owns Childcare Summit, Winnipeg, Canada

The care economy has the potential to be the backbone of the Canadian middle class like manufacturing was in the 1950s to 1960s. [...] It raised the visibility and lived reality of the care economy as the social infrastructure of the economy, as critical to its functioning as roads and bridges, water and electricity. [...] A lot of money was made since the reopening of the global economy due to the pandemic, the invasion of Ukraine by Russia, and a wave of inflation not seen in 40 years. [...] The Body Shop is the latest example of a disastrous private equity takeover, the storyline of which has been repeated for decades and is now mushrooming across new sectors of the economy, like the care economy. [...] If the inevitable happens, with more enterprise collapse in the coming decades because of the accelerating nature of private equity buying and selling the service of care, the disruption faced by individuals and the economy at large will be fearsome.