[ambicapter]

> At least investing has some economic forces that cause people to conserve resources and allocate them better than prior.

Not when the money is basically free, e.g. the last decade of money policy. PE has always been around, so why is it hated now? Probably the forces that would normally keep it in check, namely, a cost to capital and a competitive business environment (as opposed to monopolies and natural monopolies all over the place) haven't been present in the last decade.

[khuey]

PE has been hated since at least the 1980s, when capital was very far from free.

[Veliladon]

Yep. When Carl Icahn was doing it they just called it "asset stripping" and "corporate raiding" instead of using the term private equity.

Fucker made squillions off the backs of misery for hundreds of thousands of people.