this post was submitted on 23 Jan 2025
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Canada
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Can we PLEASE start outlawing private equity firms?
They too are a parasitic cancer on humanity. They add no value whatsoever, they see a business that adds great value to humanity and then they attach themselves like a leech to just squeeze them dry and killing it. The net result for humanity is hat services go down, prices go up, humanity becomes poorer with less access to services, and a tiny sliver of human scum gets obscenely rich
Why is this allowed?
I don't think most people understand the process financialization, its wider-ranging impacts, or how thoroughly it's metastasized at this point.
I'd put that failure at the feet of every government of the last 40-some years, and on the fourth estate.