Private equity is great for exposing the flaws in our economic system. The consequences are of course awful and it would be better that they didn't happen. But

Private equity is great for exposing the flaws in our economic system. The consequences are of course awful and it would be better that they didn't happen. But since they are happening, hopefully more people will start to realize it. When exposed to this kind of thing you can generally have one of two reactions: The first is that you say that this kind of thing is good. It's all part of capitalism. The market will work it out. People will say this kind of thing with a straight face. The second is to say that it is bad. But why is it bad? The first stage is you believe that there are bad apples. Private equity is simply a few bad actors who may or may not need to be dealth with by way of legislation, regulation and/or prosecution. Lots of people believe this because they still fundamentally believe in our current economic system. The second stage is you realize that private equity isn't an outlier and isn't a few bad apples. It is exactly what our system is designed to produce: to financialize and rent-seek in every aspect of our lives as a means of extracting wealth from the poor to the already vastly wealthy. Private equity is taking over every aspect of your life by buying up homes, mobile home parks, vets, medical practices, hospitals, etc. There probably isn't a single aspect of our lives that hasn't been tainted by private equity. And the playbook is exactly the same: 1. Jack up the prices, usually by cornering a market by either buying up all the competition or through legislatively creating enclosures; 2. Cut costs. Use noncompete agreements and and the like to suppress wages; and 3. Load up the entity with exploding debt and sell it to the market before the debt explodes. This is capitalism working as intended. No more, no less. On wheelchairs in particular, it's truly disgusting what we as a society put wheelchair users through. One of the most egeregious examples is how airlines will routinely destroy wheelchairs. We are steadily marching towrads a future where almost all of us will be a permanent underclass devoid of any kind of security. Every aspect of our lives will be at the mercy of our overlords. Capitalism inevitably leads to neofeudalism.