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    JuneSim63 (junesim63@mstdn.social)'s status on Thursday, 10-Oct-2024 16:27:55 JST JuneSim63 JuneSim63

    Excellent long read from Alex Blasdel explaining the dangerous rise of private equity, which he likens to a virus:

    "..private equity exists to replicate and enlarge itself, not to build anything in particular....

    ...every day we’re not regulating it, we’re letting it regulate us. We’re letting it take over our cells and replicate aggressively. It’s clear who’s on the winning side of that bargain"

    #PrivateEquity #VampireCapitalism
    #BuyStripFlip #Finance
    https://www.theguardian.com/business/2024/oct/10/slash-and-burn-is-private-equity-out-of-control?CMP=GTUK_email

    In conversation about 7 months ago from mstdn.social permalink

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    1. Domain not in remote thumbnail source whitelist: i.guim.co.uk
      Slash and burn: is private equity out of control?
      from https://www.theguardian.com/profile/alex-blasdel
      The long read: From football clubs to water companies, music catalogues to care homes, private equity has infiltrated almost every facet of modern life in its endless search to maximise profits
    • Embed this notice
      Aral Balkan (aral@mastodon.ar.al)'s status on Thursday, 10-Oct-2024 16:29:00 JST Aral Balkan Aral Balkan
      in reply to

      @junesim63 Cancer as a business model.

      In conversation about 7 months ago permalink

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