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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"



theguardian.com/business/2024/

The Guardian · Slash and burn: is private equity out of control?By Alex Blasdel

@aral @junesim63 I was gonna say, there actually is already a thing that starts as a normal part or an organism then hijacks all resource delivery systems to direct all resources to itself as it slowly kills the host, and that's not a virus. The cancer metaphor couldn't actually be more apt.

@junesim63 @wellingtonrock

But sometimes they save companies by sheltering them from the unhealthy whims and demands of a publicly traded market that cares even less, that may be greedier about performance quarter to quarter.

You probably can’t totally demonize private equity without recognizing they also can truly provide necessary shelter from public trading.