I do think there is a case to regulate PE out of journalism. If you view journalism as a necessary component of a democratic society, PE groups have shown time and again how destructive they are toward that business.
If you think unregulated private equity is bad, just wait til you see regulated private equity.https://twitter.com/ewarren/status/1182685137470967808 …
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Blame PE for dismantling newspapers is like blaming vultures for picking apart roadkill.
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Interesting wrinkle that no one seems to address—pension funds are probably the largest investors to PE, and likely funding the explosive growth... will be tough for Warren camp to reconcile
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Second order effects are irrelevant in politics because voters don’t think that much.
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What will it look like?
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Private equity but with barriers to entry and endless loopholes.
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Just making it illegal to steal workers's pensions would probably eliminate most of the worst abuses (and most private equity deals).
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The characterization of PE is that they take out loans against a company, extract the money/assets from the company, and bankrupt the company without being liable themselves. Is this false?
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National Socialist Party wants to run everything from DC
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Great piece from
@benthompson showing where she is heading in right direction with antitrust but wrong tacticshttps://stratechery.com/2019/where-warrens-wrong/ …
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