Comment by yndoendo
21 hours ago
I hate to break it to you. Private Equity does not care about the common good, only profits. They only bow to increase price and out side of medicine, reduce the qualifying of the product.
Want common good, start creating disdain for the wealths in societies.
> Private Equity does not care about the common good, only profits.
Go back and read what I wrote. The point of capitalism is to align the profit motive of capitalists with the common good. It's not to give free reign to capitalists to do whatever they want at all costs.
Not according to the Friedman doctrine, which more and more companies are latching onto under capitalism [0].
I would also add that rejecting PE as not being apart of capitalism is rejecting reality. It is here and unfortunately to stay. Wealthy prefer to extract as much wealth from a brand, product, or service versus keep it around in good condition. Billionaires are not created by being supporters of the common good.
[0] https://en.wikipedia.org/wiki/Friedman_doctrine