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We could also rein in private equity? Culture Study had a great episode about PE [0] recently, with some explanation of what started it and, if I remember right
by post- 1y ago
We could also rein in private equity? Culture Study had a great episode about PE [0] recently, with some explanation of what started it and, if I remember right, some gestures towards how it might be brought to heel — or at least made less bombastically awful for most people.
[0]: https://culturestudypod.substack.com/p/how-private-equity-destroys-the-companies https://culturestudypod.substack.com/p/how-private-equity-de...
- jeffbee 1y agoPE has nothing to do with any of it. They are totally up-front, even in their prospectuses, that the only reason they are in this game is because witless dupes (paraphrasing) in local governments are too stupid to build houses. If we would build anything, they wouldn't be in the game.
- whimsicalism 1y agoPrivate equity has lots of benefits that are never discussed because they make good bogeyman. Existing management is not always good, and I do not benefit from companies employing unnecessary workers and passing the price through to me.
- pstuart 1y agoThey very well may. But they are notorious for strip mining and killing viable companies, because they do.