The dread hand of private equity ended up killing Deadspin

https://www.theguardian.com/sport/2019/nov/01/the-dread-hand-of-private-equity-ended-up-killing-deadspin

by dredmorbius • 7 years ago

3 1 7 years ago

Private equity is the cancer that destroying this country. I do not care what the free markets people states. The harmful effects of the private equity industry upon this country exceeds any benefit that might help financial struggling companies. In the end of the day, they turn companies that should have gone in Chapter 7 into zombies and do more harm than good. It is time that industry cease to exist in its form and that investment method for superwealthy is taken way. If you invest money in those companies, than you have too much money that needs to go the tax man instead of investing in industry that turn a lot of private industries into zombies. In effect, they are a cancer for capitalism even though they are product of lazziez's fare capitalism.

The dread hand of private equity ended up killing Deadspin

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