Can we PLEASE start outlawing private equity firms?
They too are a parasitic cancer on humanity. They add no value whatsoever, they see a business that adds great value to humanity and then they attach themselves like a leech to just squeeze them dry and killing it. The net result for humanity is hat services go down, prices go up, humanity becomes poorer with less access to services, and a tiny sliver of human scum gets obscenely rich
Everywhere I’ve ever worked has been bought and destroyed by American PE. All were successful and large Canadian employers doing just fine who caught the eye of PE and in many ways were strong armed into a sale or else the PE would just buy up all their competitors, make a super company, and crush them anyway. I wish Canada would see what’s going on and regulate PE gobbling up all the successful homegrown companies and local industries. Especially now - we don’t need all our major employers here being owned by Americans because what happens what Donny boy passes some absurd law and they have to fire all the Canadians?
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Can we PLEASE start outlawing private equity firms?
They too are a parasitic cancer on humanity. They add no value whatsoever, they see a business that adds great value to humanity and then they attach themselves like a leech to just squeeze them dry and killing it. The net result for humanity is hat services go down, prices go up, humanity becomes poorer with less access to services, and a tiny sliver of human scum gets obscenely rich
Why is this allowed?
Everywhere I’ve ever worked has been bought and destroyed by American PE. All were successful and large Canadian employers doing just fine who caught the eye of PE and in many ways were strong armed into a sale or else the PE would just buy up all their competitors, make a super company, and crush them anyway. I wish Canada would see what’s going on and regulate PE gobbling up all the successful homegrown companies and local industries. Especially now - we don’t need all our major employers here being owned by Americans because what happens what Donny boy passes some absurd law and they have to fire all the Canadians?
Because people in power benefit from it. Simple as that.