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

However, according to the Association for Mineral Exploration, only one in 10,000 claims becomes an operational mine, which means average investors, Canadian taxpayers, Indigenous peoples, rural residents, and U.S. communities and economies downstream are left shouldering the financial and environmental risks and costs of the Prospect Generator Model and B.C. gold mine exploration.
#StopDeterioratingCarbonSinks #TragedyOfEnclosure #VampireCapitalism #CorruptRobertsCourt

From: @AKNativeNews
https://mastodon.social/@AKNativeNews/111800403577634997

TLDW of #FoldingIdeas' #Gamestock / #MemeStocks video https://youtu.be/5pYeoZaoWrA?t=8826 😔 "No one deserves" to:

1> be exploited like this
2> get shaken down [so] they have no other choice but to become #grifters themselves […]
3> have their ego and security ground down to the point that there’s no escape, no reason to step back and admit defeat, no reason to reflect

Empathy, sufficiency & community (#GameB #SolarPunk #TeamHuman) are antidotes to greed & despair of #VampireCapitalism! 🌞 vs. 🧛

About five years ago, the #neighborhood started seeing major #flooding. The inundations began around the same time the Alabama Department of #Transportation—or ALDOT—finished widening a two-lane section of #Highway 84 at a higher elevation than before, and residents say the road’s drainage system funnels stormwater onto their properties.

#EnvironmentalRacism #/EnvironmentalJustice #SubsidizingFossilFuels #ExternalizingImpacts #DisposablePlaces #VampireCapitalism

https://insideclimatenews.org/news/28072023/elba-alabama-flooding-environmental-justice-robert-bullard/

Private equity plunderers want to buy Simon & Schuster - by Cory Doctorow @pluralistic

https://pluralistic.net/2023/08/08/vampire-capitalism/#kkr

#VampireCapitalism #StopPrivateEquity