As the economy grows, capitalist invests capital into production, which generates more capital. Capitalist can make more money by investing money in the production of goods. “The question is what is the human cost of turning money into more money?” …show more content…
The big sellout is the worldwide privatization of basic public services. Privatization deals with removing ownership of a public sector and transferring it to another business that operates for a profit or to a non-profit. Minda is an elderly mother who lives in the slums with her children. Minda’s son needs dialysis, but she struggles to find enough money to pay for it. Her son needs dialysis in one of the privatized hospitals in the Philippines. There is also a story of a South African activist who helps poor families. These families have been disconnected from electricity; they can’t afford to pay the high electricity bills from the privatized electricity supplier. Former chief economist, Joseph, explains privatization, who profits from it and what people lose following