CarolannieAug 8, 2023
So KKR wants to "buy" Simon and Schuster...to bleed it dry. They're not even capitalists, they're pirates
#VampireCapitalists #KKR #Monopolies #DestroyingForProfit
https://pluralistic.net/2023/08/08/vampire-capitalism/
Pluralistic: Private equity plunderers want to buy Simon & Schuster (08 August 2023) – Pluralistic: Daily links from Cory Doctorow

Show threadCory DoctorowAug 8, 2023

They're sometimes called #VultureCapitalists, but they're really #VampireCapitalists:

https://www.motherjones.com/politics/2022/05/private-equity-buyout-kkr-houdaille/

Given a choice, PE companies don't want to prey on sick businesses - they preferentially drain off value from *thriving* ones, preferably ones that we *must* use, which is why PE - and KKR in particular - *loves* to buy health care companies.

12/

How private equity gobbled up the US economy—and ruined life for everyone else

Billionaires are looting the country, leaving everyday Americans to clean up the mess—and fight for the scraps.

Mother Jones