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> Healthy, thriving industries don't sell out to PE This may have been true in the past, but in today's world, normal people have an increasingly hard time aff
by danaris 1y ago
> Healthy, thriving industries don't sell out to PE
This may have been true in the past, but in today's world, normal people have an increasingly hard time affording the things that our parents took for granted (y'know, things like a modest house, a vacation every 2-3 years, decent food). If the owners of a small local business are offered the opportunity to cash out and retire with enough money that they can guarantee their reasonable comfort for the rest of their lives (barring total societal collapse), they're not going to worry about what's "healthy" or "thriving". And PE companies can afford to do that.
Nor does the fact that they're struggling reflect on the industry that the local business happens to be in. It reflects on our entire system today.