Seriously, the issue here can most likely be tracked to private equity taking advantage of existing regulations. Not sure why MORE state involvement in the economy would be the solution.
>Private equity describes investment partnerships that buy and manage companies before selling them.
The issue people have isn’t with “private equity”. If it was a publicly traded company doing this people would be equally upset.
There is a very negative behavior right now by companies that call themselves private equity to buy up your local vet, doctors office, etc. Then they fire staff, reduce services, and increase costs.
We the people are losing, even if some of our 401ks grow because those funds invested in these PE vehicles.
This practice imho should be banned. How? I don’t know. But the U.S. will become shittier and shittier because of it.