Author clearly explains how private equity firms are destroying essential industries, how they avoid legal responsibility for the disastrous consequences, who’s empowering them and how they can be stopped.
Private equity’s #enshittification is to blame for much of the worst aspects of health care, housing crisis, the economy as well as the deepening wealth gap.
@jsjoshua@gulovsen@nikhileshde@paninid@law Also, when your corporation gets large enough, various business units/departments/whatever want to do things that require ”IT” but they either don’t know how to properly interface with corporate IT or can’t be bothered (which is frequently totally justified due to unresponsiveness, etc.), so they just fund “IT” stuff themselves.
Source: I was a long-time consultant at numerous F500.