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Sensing an opportunity, a private equity group called American Industrial Partners (AIP) began to roll up the industry. > As usual, things are the way they are
by WarOnPrivacy 1y ago
Sensing an opportunity, a private equity group called American Industrial Partners (AIP) began to roll up the industry.
> As usual, things are the way they are because of unregulated capitalism and private equity being allowed to do whatever they hell they want.
This is exactly what happened - and why. Capitalism is a healthy system where it is a healthy system. Beyond that, capitalism is either: Beneficial thru flexible, effective governance. Or not beneficial. That's every possibility.
Exploitive manipulation of the firetruck market lies outside of the healthy-by-default area of capitalism.
- ianmcgowan 1y agoI don’t get why municipal investment isn’t more of a thing - why can’t cities and counties be their own PE, buy a small fire truck company and turn it into a non-profit? If they captured the surplus that’s going to the PE company surely costs would be cheaper? I guess that’s socialism though, so not gonna happen.