4 ms·

Housing: Check Veterinarians: Check Healthcare: Check Education: Check Hospice? Check Cool.

toomuchtodo 3y ago
Funeral Homes: https://kffhealthnews.org/news/article/funeral-homes-private-equity-death-care/ https://kffhealthnews.org/news/article/funeral-homes-private... Defense: https://responsiblestatecraft.org/2023/03/22/as-private-equity-buys-up-defense-firms-transparency-is-already-suffering/ https://responsiblestatecraft.org/2023/03/22/as-private-equi... Adult content: https://techcrunch.com/2023/03/16/pornhub-owner-mindgeek-sold-to-private-equity-firm/ https://techcrunch.com/2023/03/16/pornhub-owner-mindgeek-sol... Matt Stoller has lots of quality writing on the topic: https://mattstoller.substack.com/p/closing-down-the-billionaire-factory https://mattstoller.substack.com/p/closing-down-the-billiona... https://mattstoller.substack.com/p/why-private-equity-should-not-exist https://mattstoller.substack.com/p/why-private-equity-should...
- rippercushions 3y ago
  Gotta say the irony is strong with a private equity firm called Ethical Capital Partners acquiring porn company MindGeek. I wonder who's fucking who the hardest?
  - Aeolun 3y ago
    Is there anything unethical about porn?
    - piperswe 3y ago
      I don't think there's anything inherently unethical about porn, but quite a bit of porn production involves unethical practices.
    - CoastalCoder 3y ago
      I think the answer depends on one's world view. Historically not the kind of topic that can be debated well on HN.
  - lmm 3y ago
    A lot of institutions name themselves to cover their biggest weakness. It took me a while to realise that the street I lived on a decade ago was called "xyz Gardens" because it didn't have any.
  - Obscurity4340 3y ago
    "Democratic republics" are often neither democratic nor republics
- totetsu 3y ago
  Gretchen Morgensons book The plunders: how private equity runs - and wrecks - America, is also good
candiddevmike 3y ago
Gotta find new industries to shuffle around all of their debt: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-portfolio-companies-on-track-for-most-bankruptcies-since-2020-74886821 https://www.spglobal.com/marketintelligence/en/news-insights...
notacoward 3y ago
They sure do love those captive markets, don't they? Very little elasticity or opportunity for substitution, so maximum rent seeking. It would be hard to find a better argument for price controls and/or Pigovian taxes.

Funeral Homes: https://kffhealthnews.org/news/article/funeral-homes-private-equity-death-care/ https://kffhealthnews.org/news/article/funeral-homes-private... Defense: https://responsiblestatecraft.org/2023/03/22/as-private-equity-buys-up-defense-firms-transparency-is-already-suffering/ https://responsiblestatecraft.org/2023/03/22/as-private-equi... Adult content: https://techcrunch.com/2023/03/16/pornhub-owner-mindgeek-sold-to-private-equity-firm/ https://techcrunch.com/2023/03/16/pornhub-owner-mindgeek-sol... Matt Stoller has lots of quality writing on the topic: https://mattstoller.substack.com/p/closing-down-the-billionaire-factory https://mattstoller.substack.com/p/closing-down-the-billiona... https://mattstoller.substack.com/p/why-private-equity-should-not-exist https://mattstoller.substack.com/p/why-private-equity-should...

rippercushions 3y ago
Gotta say the irony is strong with a private equity firm called Ethical Capital Partners acquiring porn company MindGeek. I wonder who's fucking who the hardest?
- Aeolun 3y ago
  Is there anything unethical about porn?
  - piperswe 3y ago
    I don't think there's anything inherently unethical about porn, but quite a bit of porn production involves unethical practices.
  - CoastalCoder 3y ago
    I think the answer depends on one's world view. Historically not the kind of topic that can be debated well on HN.
- lmm 3y ago
  A lot of institutions name themselves to cover their biggest weakness. It took me a while to realise that the street I lived on a decade ago was called "xyz Gardens" because it didn't have any.
- Obscurity4340 3y ago
  "Democratic republics" are often neither democratic nor republics
totetsu 3y ago
Gretchen Morgensons book The plunders: how private equity runs - and wrecks - America, is also good

candiddevmike 3y ago

Gotta find new industries to shuffle around all of their debt: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-portfolio-companies-on-track-for-most-bankruptcies-since-2020-74886821 https://www.spglobal.com/marketintelligence/en/news-insights...

notacoward 3y ago

They sure do love those captive markets, don't they? Very little elasticity or opportunity for substitution, so maximum rent seeking. It would be hard to find a better argument for price controls and/or Pigovian taxes.