How Private Equity Is Ruining Everything

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[colestaples]

Private equity is now buying up all the trailer parks. They are ruining the last way to get affordable housing

[ScarlettFire]

"First we overlook evil, Then we permit evil. Then we legalize evil. Then we promote evil. Then we celebrate evil. Then we persecute those who still call it evil." Fr. Dwight Longenecker

“In the Last Days, Good will be called Evil and Evil will be called Good.” Are We There YET ?

[natalieparker]

I recently had a veterinarian at my house for a party. She said exactly this, every vet office is corporate owned now. It’s obvious their sole purpose is to take every last dollar outta your pocket. Greed has destroyed our lives, we simply cannot win up against this level of greed. Corporations buying family homes should be illegal.

[gj]

The hospital that's near my home was closed down because the private equity firm that owns it decided it wasn't profitable enough. Now the closest emergency room is a few miles further away. The whole community lost a hospital because of private equity.

[jeremysmetana]

When we were house hunting, we were twice "outbid" by private equity firms that were offering cash (they paid less money than we were offering, but it was cash, which the seller wants, understandably). Finally, one of the sellers - a couple who had owned this house for years - caught onto who was "outbidding" us and sold to us anyway, because they wanted this house to go to a family that gave a crap about it. So we got the house... and then about a year after we bought the house, a private equity firm bought the mortgage company we use. They will always win, until Congress bans them or seriously restricts them. To add the ultimate insult to injury, now, three years later, the company I work for has been bought and taken private, and my last day is middle of November. All of our jobs are going overseas. We are training our replacements and working our assess off, to secure the severance they really already owe us. My feeling is that this won't stop until the entire country is nothing but people who work at fast food restaurants and in retail, for pennies.

Also, the fact they use pirate ships in their logos is what we call "on the nose."

[BrakRulesAll]

"It's a big club, and you ain't in it." - George Carlin

[bigfoot]

As a 70 year old who has watched with alarm this happening over the last 3 decades, it is good to see more and more younger people catch on. Too many are oblivious to reality, so it is good to see some young people trying to sound the alarm.

[marblox]

G-d Damn.!!! This girl is so perfectly well spoken and 100% correct in everything she said. At 65 I never understood why lobbying politicians is even legal. It is no coincidence that a great majority of Americans are being priced out of just LIVING.

[AK]

Private equity has done this to almost every business in the United States and ruined the quality. We truly live in an oligarchy. 🙄🤮

[jeffmeltzer]

BlackRock owns a significant portion of many industries that impact our daily lives, from rehabilitation hospitals to fast food chains like Jack in the Box, and even fitness centers like Planet Fitness. It's alarming that so many people are unaware of the power and influence corporations like BlackRock hold while being more focused on pop culture and celebrities. This lack of awareness about who controls key aspects of our world is a troubling reality.

[archangel_josh]

This explains everything and why quality of life has gone down hill so fast all over the world.

[cherisemattera]

I am not religious by any means. However, what sticks out to me in all of the world's economic issues is...there is a reason Greed is a sin. The concept of wealth has grown beyond a healthy point.

[truthhurts]

Once a felony, the 2010 ruling on "Citizens United" legalized Corporate donations to politicians. Now, U.S. politicians have become corporate employees.

[LABoyko]

There's always an alternative. Do not give up. Owner-operated small businesses are still out there. Find them, support them.

The people united can never be defeated.

[xlerb]

I worked at a company that was sold to a private equity firm. It was not a good time. They wanted to flip the business for a profit so they were doing all they could to minimize expenses. Raises/promotions became small and rare, investment in infrastructure dried up. I was about ready to leave but then the place was sold and the new owners put a lot more money into the company. But eventually I left anyway. The new owner was much better but they were a corporation and all the flexibility and freedom we had was whittled away.

[kniknayme]

Yep those big companies buy good products and ruin them . Recently I found out that Tom's of Maine and Burt's Bees were bought by Colgate/Clorox respectively. So I have to check the ingredients, every time I buy toothpaste, to see if they have "improved" the formula.

[dfgatorfan]

We are at the end of the Monopoly game when the only people having any fun is the one person with everything

[FormerlyKnown]

💜 im using that quote, " if youre not angry, youre not paying attention."

[thatcarguyUZ]

A massive problem with private Equity firms is the fact that we do not enforce our antitrust laws. If our antitrust laws had actually been enforced, most of this would not have happened. I'm realistic enough to realize that corporations are going to corporation, so they'd figure out a way to do some of this shit. But a lot of the crap they're getting away with, they wouldn't be able to. As far as I'm concerned, if a company is too big to fail then it's too big to exist in the first place.

[beatingu]

Literally everything is worse than it was from my childhood. It’s will continue to spiral downhill faster and faster. Competition drives quality up and keeps prices low.