alt Hacker NewsYet there is no evidence of this happening in any industry or area where PE has become the dominant player. Why not? What you’re saying is nice economic theory but it’s clearly not happening.
Yet there is no evidence of this happening in any industry or area where PE has become the dominant player. Why not? What you’re saying is nice economic theory but it’s clearly not happening.
Because the pain is bearable and not too much.
If it becomes too much, things actually happen.
(This is the dark side of financialization, as it can be used to maximize human misery.)