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PE is essentially buying all needs of a first world human. Medicine, homes, essential services, farmland, in an attempt to extract margin from the last possible

PE is essentially buying all needs of a first world human. Medicine, homes, essential services, farmland, in an attempt to extract margin from the last possible places they can. It feels like we’ve re entered the 80s again but worse where now we have 100 billionaires buying up farmland under the guise of it being better that they own it rather than the farmers for… reasons. I think this is essentially late stage capitalism, where there is little left to offer the general population for margin, but much that can be taken away. I’d hazard a guess this is where capitalism turns on us and becomes a regressive force for America as margin stops fueling opportunities and starts fueling general decline for marginal returns. Im not pro socialist and I don’t have a solution — but I think we should recognize this and think hard on how to pull up out of this.

gruez 3y ago
>It feels like we’ve re entered the 80s again but worse where now we have 100 billionaires buying up farmland under the guise of it being better that they own it rather than the farmers for… reasons. I don't get it. Are the billionaires buying the land from the farmers at gunpoint? If it's so disastrous for the farmers to sell, why did they sell in the first place?
- olddustytrail 3y ago
  It's not disastrous for the farmers. It's just bad news for people who require food at any point in their lives. I'm sure it'll be fine as long as your account doesn't get cancelled.
  - tsunamifury 3y ago
    Yea it’s a classic, aggregate individual leverage of simple players by sophisticated players to gain monopoly over the system. Oh it’s fine now farmers can sell, until it’s not.
- dcow 3y ago
  It’s more a tragedy of the commons. People can act 100% rational at 100 ft. but at the same time be selling their souls collectively at 1000 ft. So the question becomes, “should society work to mitigate the tragedy”? Blackrock buys all the land. What do we do? Doesn't matter if they did it at gunpoint or not, the outcome is not desirable, and we write and enforce the laws.
engcoach 3y ago
I wonder if public co-ops can rival the influence / power of PE firms?
- uLogMicheal 3y ago
  Public co-ops do not get free FED money. Gap inducing inflation has been forced upon us, certain players get to use the leverage to buy up everything, the rest are left arguing over scraps. This is a side-effect of a central banking system without proper checks and balances.
  - tsunamifury 3y ago
    I see that now, I was 24 when that policy started and I’m 38 now. And I feel like the entire world was bought out from under me with free money to those with capital leverage.

gruez 3y ago

>It feels like we’ve re entered the 80s again but worse where now we have 100 billionaires buying up farmland under the guise of it being better that they own it rather than the farmers for… reasons. I don't get it. Are the billionaires buying the land from the farmers at gunpoint? If it's so disastrous for the farmers to sell, why did they sell in the first place?

olddustytrail 3y ago
It's not disastrous for the farmers. It's just bad news for people who require food at any point in their lives. I'm sure it'll be fine as long as your account doesn't get cancelled.
- tsunamifury 3y ago
  Yea it’s a classic, aggregate individual leverage of simple players by sophisticated players to gain monopoly over the system. Oh it’s fine now farmers can sell, until it’s not.
dcow 3y ago
It’s more a tragedy of the commons. People can act 100% rational at 100 ft. but at the same time be selling their souls collectively at 1000 ft. So the question becomes, “should society work to mitigate the tragedy”? Blackrock buys all the land. What do we do? Doesn't matter if they did it at gunpoint or not, the outcome is not desirable, and we write and enforce the laws.

engcoach 3y ago

I wonder if public co-ops can rival the influence / power of PE firms?

uLogMicheal 3y ago
Public co-ops do not get free FED money. Gap inducing inflation has been forced upon us, certain players get to use the leverage to buy up everything, the rest are left arguing over scraps. This is a side-effect of a central banking system without proper checks and balances.
- tsunamifury 3y ago
  I see that now, I was 24 when that policy started and I’m 38 now. And I feel like the entire world was bought out from under me with free money to those with capital leverage.