As councils go bankrupt, private equity moves in for the kill 2024 – 186 x 8cm, acrylic on canvas
As councils go bankrupt, private equity moves in for the kill, mass compulsory purchase orders applied to business, agricultural, and residential properties within ‘free zones’ buy up everything in their path. Through tricks of the zone companies are given astronomical sums of public money from the government to set up shop under separate laws from the host country, deregulation inside SEZs and Freeports mean companies are implicitly trusted by the Government to self-regulate, what could possibly go wrong?