#bustout — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bustout, aggregated by home.social.
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CW: Long thread/5
Private equity is a cancer. Its profits come from buying productive firms, loading them with debt, abusing their suppliers, workers and customers, and driving them into ground, stiffing all of them - and the company's creditors. The #mafia have a name for this. They call it a "#BustOut":
https://pluralistic.net/2023/06/02/plunderers/#farben
Private equity destroyed #ToysRUs, #Sears, #BedBathAndBeyond, and many more companies beloved of Main Street, bled dry for Wall Street:
https://prospect.org/culture/books/2023-06-02-days-of-plunder-morgenson-rosner-ballou-review/
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