Showing posts with label Private Equity. Show all posts
Showing posts with label Private Equity. Show all posts

Saturday, August 19, 2023

Private Equity: A Conduit For Inequality

"It’s still possible for businesses to exist in order to produce wonderful goods and services. I know many retailers, small manufacturers, and professionals who do what they do mainly for the love of it. (My father ran a clothing store, and although he worked seven days a week, making money was secondary — enabling him to keep his family afloat and continue to do what he loved.)

"But the financialization of the American economy has turned almost all larger businesses into profit centers. Private equity in particular has leached out every other value."

Click on the link below for a synopsis of an economic reality that is undermining the quality of our society:


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Choose how you look at reality wisely. Yes, it is a binary choice.

Choose how you look at reality wisely. Yes, it is a binary choice.
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