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by Mistletoe 8 days ago
Is there any way out of the private equity death spiral we are in? What’s the natural check and balance to it before everything is gray goo?
1 comments

Yes, but it would require lawmakers and regulators to put reforms in place to move away from financializing-all-the-things to something different. Right now, the money is in financializing-all-the-things, so that isn't going to stop. Most can't even articulate with the something different could be - reindustrialization with stronger labor laws? Anti-monopoly moves to break up big corporations into smaller ones and prevent M&As?

The ultimate check is some form of socialist revolution, which then ends up swinging to the extreme the other way. There never seems to be a balance.