Private equity—in which hugely wealthy people take a public company private and invest huge amounts in it (often taking on large amounts of debt in the process, which the company and not the investors are responsible for)—is everywhere. Its vulture claws have sunk into many industries in America. It took away Toys R Us
Capitalism: it naturally devolves towards ruthless monopolistic unaccountable forms. Ugh! But short of Smashing The System, there is at least one good corporate model—the co-op. Now for some terrible news on that front.