[parineum]

> Private Equity does not care about the common good, only profits.

Go back and read what I wrote. The point of capitalism is to align the profit motive of capitalists with the common good. It's not to give free reign to capitalists to do whatever they want at all costs.

[yndoendo]

Not according to the Friedman doctrine, which more and more companies are latching onto under capitalism [0].

I would also add that rejecting PE as not being apart of capitalism is rejecting reality. It is here and unfortunately to stay. Wealthy prefer to extract as much wealth from a brand, product, or service versus keep it around in good condition. Billionaires are not created by being supporters of the common good.

[0] https://en.wikipedia.org/wiki/Friedman_doctrine

[parineum]

> Billionaires are not created by being supporters of the common good.

Yes they are. Name a billionaire who didn't make their money providing a service people voluntarily paid for.

[yndoendo]

Common good != making money!

Exploitation of working class != common good!

Replacing product quality indigence with poor quality and substitutions != common good!

Hording money != common good.

Friedman doctrine != common good.

Power to harm the producer and consumer based on product and service provider != common good. Didn't know price fixing is now classified as common good.

Billionaires exist by the exploitation of the common good.

How many billionaires push against living wages vs support them for all their employees for all their businesses?

[parineum]

> Common good != making money!

Providing valuable goods and services for people who voluntarily exchange their money is very good for everyone.

> Exploitation of working class

Paying your employees mutually agreed upon salaries seems good though, right?

> Hording money != common good

Who's hoarding money?

> How many billionaires push against living wages vs support them for all their employees for all their businesses?

Setting government policy isn't the job of billionaires. People speak with their wallets and would rather have the prices for goods go down (something that historically and consistently happens) rather than see their own wages rise. Which is the tradeoff. You can't suddenly raise wages without seeing a commensurate price rise and then your back to square one. Most businesses run on very thin margins due to intense competition.

[yndoendo]

This is false assumption that billionaires are useful. You don't need billionaires for companies to provide common good. Billionaires are more likely to buy up existing companies to maximize their profits than create anything new.

Unions prove you need collective bargaining to prevent exploitation.

Billionaires are hoarding money, how else do they get that amount of wealth?

Billionaires exploit their monetary power to create and manipulate both the populous and government policy makers. Even when it goes against the common good.

Simple questions, how many of the products and services have you spent money on that are associated with billionaires? There is no way to answer that question when they use trust to hide their involvement. Saying a person has the ability to speak with their wallet is 100%. Corporate collect retirement funds also highlights this.