Private equity typically starts with rhetoric along the lines of, “Look at how much good we’re doing!” and then will ultimately end up a race to the bottom. Th

Private equity typically starts with rhetoric along the lines of, “Look at how much good we’re doing!” and then will ultimately end up a race to the bottom. They don’t expect financial sustainability with reasonable returns, they expect significant profits over that and the product is typically gutted in this race to the bottom.