this post was submitted on 04 Oct 2024
71 points (98.6% liked)
Games
16857 readers
1014 users here now
Video game news oriented community. No NanoUFO is not a bot :)
Posts.
- News oriented content (general reviews, previews or retrospectives allowed).
- Broad discussion posts (preferably not only about a specific game).
- No humor/memes etc..
- No affiliate links
- No advertising.
- No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
- No self promotion.
- No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
- No politics.
Comments.
- No personal attacks.
- Obey instance rules.
- No low effort comments(one or two words, emoji etc..)
- Please use spoiler tags for spoilers.
My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
Other communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ding ding ding. People hear "going private" and think "mom 'n pop shop". But PE firms are vultures. Actually no, that's mean to vultures.
How Private Equity Consumed America - Wendover Productions
It always amuses me when a certain type of person hears "private company" and thinks that means "better than public"
Like the concentration of wealth makes it more moral or intelligent.
Well "Going private" doesn't mean anything. It can mean PE. It can mean "traditional" personal/family ownership (e.g. Musk with Twitter). It can also mean moving to a co-op model (theoretically I don't think anything stops a bankrupt publicly-traded company being bought by its workers). "Private" doesn't sit anywhere on the political spectrum; even Marxists can generally agree that co-operatives are in principle better than publicly-traded companies.
Unfortunately PE firms are usually the ones who win the bid when a company "goes private" because the PE business model is driven by speculation and leveraged buyouts, and (at least in the US) supported by advantageous tax rates. Even from a purely capitalist perspective it's an objective failure that harms the macro-economy. It's not even capitalism anymore; it's oligarchic.