4 ms·
I’ll blame private equity. Made in U.S.A. brand gets bought by PE that uses a pile of debt. Then they just dump all that debt on the company, and no shit, “w
by ImprovedSilence 3y ago
I’ll blame private equity. Made in U.S.A. brand gets bought by PE that uses a pile of debt. Then they just dump all that debt on the company, and no shit, “we can’t afford to make things in the USA anymore”, because we loaded up the brand with 80% of its worth in debt, with no material gain for the actual manufacture of goods, and now we gotta service the debt!!
- spiritplumber 3y agohttps://www.dailykos.com/stories/2023/5/11/2168556/-Cartoon-Lucky-Ducky-gets-private-equitied https://www.dailykos.com/stories/2023/5/11/2168556/-Cartoon-... There's a good cartoon about that.