SPQRNov 17

Private Equity are evil SOBs. They are the termites of capitalism.

"In the paper industry, private equity has often followed a familiar playbook: Buy a distressed asset on the cheap and load it with debt, some of which is used to pay the private equity firm. Then, in a few years, the private equity firm sells the company or declares bankruptcy."
#economics #capitalism #VentureEquity #RiggedMarkets #collapse #USpolitics #Ohio #policy
https://www.nytimes.com/2025/11/09/business/ohio-paper-mill-private-equity.html

A MAGA Senator Promised Hope for a Dying Ohio Mill. Then Reality Set In.

The town’s unionized workers wanted to believe that there was something better than what private equity owners had offered.

The New York Times