| > while the reality is the business in its current form was going to fail and take everyone's job with it, and it was necessary to cut jobs in order to save the business As a rate, how many business are actually "saved" by PE firms? > (and thus save the jobs that remain) Wouldn't that be simpler with a general bankruptcy? What is gained when a third party, often encumbered with leverage, gets involved? > but it's just unhelpful to label the whole industry based on those It's equally unhelpful to expect the minority players in an industry to define that industry. > the whole tech industry is very much evil because it exploits cheap labor (Uber, DoorDash, etc.). To engage the hyperbole, the current iteration of it may well be. I expected flying cars and trips to the moon, not face recognition surveillance, deep fakes and manipulative social networks. Realistically... PE on it's own, and tech on it's own may be neutral concepts, but our current lack of regulation of their specific markets really shows. |