This trend will continue forever because, the way modern corporate capitalism is set up, publicly traded companies have a VASTLY lower cost of capital than priv

This trend will continue forever because, the way modern corporate capitalism is set up, publicly traded companies have a VASTLY lower cost of capital than private companies. Thus, private companies who are profitable at a much higher cost of capital can be bought almost risk free by public companies and run poorly and still be worth it because the public companies get money so cheaply.