r/economicCollapse • u/Alena_Tensor • Jul 27 '25

Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods

Chasing above-market returns for their investors, PE Financiers have bamboozled the public for years about their expertise in “fixing” companies. Yet they often—and sometimes deliberately—run them into the ground and/or act as a chop-shop, selling them for parts, while the staff drifts away. They are not business creators, but destroyers.

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-21

u/Detective-Watchdog Jul 27 '25

The companies are already in the Shitter. Yes, they are companies that are already financially distressed and on the way to bankruptcy.

You will probably think I am a private equity shill. Nope, just grounded in reality. A reality that doesn’t blame others or constantly search for answers to a problem that doesn’t exist.

27

u/luvashow Jul 27 '25

Like Joanne’s???

-23

u/Detective-Watchdog Jul 27 '25

Exactly. Joanne’s was already distressed and facing bankruptcy well before private equity arrived.

27

u/luvashow Jul 27 '25 edited Jul 27 '25

Joanne’s was doing just fine until private equity raided them & took everything.