Cory DoctorowJul 20, 2023

#PrivateEquity is *quite* a racket. #PE managers pile up other peoples' money - pension funds, plutes, other pools of money - and then "invest" it (buying businesses, loading them with debt, cutting wages, lowering quality and setting traps for customers). For this, they get an annual fee - 2% - of the money they manage, and a bonus for any profits they make.

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Show threadCoralie Renée
@pluralistic Is there a way to earn money without being a thief (where someone will lose) and where everyone actually wins (like really)?
Because it seems that it's quite hard to see case examples (or models) of being able to lead a life with principles, ethics and values while being able AND being able to earn money as well.
Let me know if my question is silly. ;)
Jul 20, 2023 at 12:45pmWeb