Private equity is in need of some severe regulation, how many of the ills of society go back to this sort of thing ?
replies(3):
The problem is the rules can be broken with minimal consequence. Swap out PE for another profit-seeking structure and you’ll tend towards the same outcome, as the bad outcompetes the good.
Seems like a big part of their bread and butter is anti-competitive or otherwise legally questionable self dealing between their holdings. Things that would quickly face public scrutiny if those companies were publicly held and had the associated reporting requirements.
This is all private ownership, including non-profit.