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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[–] 6 points 1 day ago (1 child)

@ajsadauskas @latestagecapitalism Private equity is a cancer that needs to be eradicated from the world by any means necessary.

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  • [–] 2 points 17 hours ago

    Agreed - every time I have been involved with a company sold to private equity, and unfortunately that's twice. Over a short span of years they squeeze what they can and then run it into the ground. Look at Ed Lampert who tanked Sears for the real estate value.

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