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There is nothing wrong with private companies. A lot of family businesses are private. I understand that private equity investment companies controlling a lot o
by glimshe 3y ago
There is nothing wrong with private companies. A lot of family businesses are private. I understand that private equity investment companies controlling a lot of businesses might not be a great thing, but let's not demonize private ownership.
- darth_avocado 3y agoThese are not your “mom and pop” private businesses, these are “billions of dollars at disposal” businesses. And the central point isn’t their existence, the point is their operation with little oversight in a way that hollows out industries and harms consumers.
- glimshe 3y agoI wasn't talking about mom and pop businesses. There are many large private companies which are owned by families or individuals. One thing these companies can do which public companies can't is to think longer term and ignore the pressure of quarterly reporting and institutional investors. We can't stereotype all medium and large private businesses as doing the bidding of private equity investment companies.