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I can't speak for all PE. However, even their lauded 'success stories' - Hilton Hotels, AirBnb, Tesla etc - seem to generally turn out pretty evil. How can the
by mandmandam 2y ago
I can't speak for all PE. However, even their lauded 'success stories' - Hilton Hotels, AirBnb, Tesla etc - seem to generally turn out pretty evil.
How can they not... The whole goal of PE is to extract value from workers and the Earth, and funnel it into the pockets of the .01%. This, in a world where inequality is stifling our potential as a species, and as a planet, on a truly unimaginable scale?
Beyond the hype and the rationalizations, fundamentally, the investors always win and society always loses. They've turned our industries into a casino, and they're the house. Sometimes good people win in a casino, and sometimes they even get paid out, but it's a fucking mugs game that preys on our blind spots and is leading us into some very dark places.