I’m w/you on that.
The long article is quite good, as it turned out; for a mainstream “Democrat” magazine.
I just have to read it in parts[until I can’t stand, no mores[Popeye lingo]
Going to read another part today.
Also had a page article[DOOR DASED/Can local delivery co-ops take on Bog Tech apps on the Big 3 delivery-Grubhub, Uber Eats and DoorDash], These three are buying out local deliveries.
When that happens, local restaurant/grocery businesses are hit w/an astounding 30% commission!
These Silicon Valley and Wall Street backed firms, dominate 93% of the market share nationwide,
they’re designed to bleed-out, and to suck-up local money; then send that money to shareholders outside the communities.
That basically sums it up. Monopolies are causing inflation[Michael Hudson].
The bulk of work done by modern-day private equity firms is NOT to finish off the sick companies; but rather, to stalk and gut very Healthy Ones.
This is the result of congress passing laws that have prioritized profit making of Wall Street/Big Tech firms, over and above the well-being of small businesses and many other successful businesses.
Covid1984 took out the ones still standing.
Even now, those still standing; are now targets for the Blackstone’s and Vanguard’s.
Private equity firms manage about 7.3 trillion[admitted to].
Private equity firms are gorging on, and killing healthy American businesses …
it’s well-known open secret.