A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.So now low-paid retail workers are being told that they'll lose their jobs just weeks before Christmas.abc.net.au/news/2026-11-11/dav #auspol #capitalism @latestagecapitalism

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[–] 15 points 16 hours ago (2 children)

@ajsadauskas @aj @latestagecapitalism They didn’t fuck up: they extracted value to enrich the people they were meant to enrich. This is private equity working exactly as designed.

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