Skip to main content

Search

Items tagged with: privateequity


I just used the phrase "extractive enshittification" and yes, I'm fully aware -- as will be anyone who closely follows @pluralistic -- that "extractive enshittification" is redundant.

But the alliteration sounds good and people who aren't fully tuned up on the deep economic explanation of enshittification may find the adjective helpful.

#enshittification #hypercapitalism #PrivateEquity


Excellent long read from Alex Blasdel explaining the dangerous rise of private equity, which he likens to a virus:

"..private equity exists to replicate and enlarge itself, not to build anything in particular....

...every day we’re not regulating it, we’re letting it regulate us. We’re letting it take over our cells and replicate aggressively. It’s clear who’s on the winning side of that bargain"

#PrivateEquity #VampireCapitalism
#BuyStripFlip #Finance
https://www.theguardian.com/business/2024/oct/10/slash-and-burn-is-private-equity-out-of-control?CMP=GTUK_email


#ClimateDiary Where are your pension funds invested? For most public sector workers it’s impossible to extricate themselves from all this - this sector needs regulation SO bad.

Private equity firms swoop in β€œas large oil and gas firms seek to shed older and dirtier assets and the bigger banks increasingly regard them as risky investments. […]!some of the dirtiest assets have come to be owned by relatively obscure investment outfits, the report says.” #PrivateEquity

https://www.theguardian.com/business/2024/oct/01/private-equity-firms-us-pensions-fossil-fuel-projects?CMP=Share_iOSApp_Other

⇧