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BlackRock is trying to buy up electric utilities in US states. It hopes to profit by increasing electricity bills for customers. (minnesotareformer.com)

submitted 3 weeks ago by cm0002@piefed.world to c/usa@midwest.social

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[–] SnotFlickerman@lemmy.blahaj.zone 65 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Private equity shops have earned outsized returns on investments in health care, telecommunications and housing — with mixed results for consumers.

That's a very generous take on private equity here since private equity absolutely fucks consumers.

[–] LadyMeow@lemmy.blahaj.zone 20 points 3 weeks ago

Lmao. Yeah no kidding outsized returns on healthcare means charging more and providing less. Don’t think that’s mixed results…..

[–] DarkCloud@lemmy.world 10 points 3 weeks ago* (last edited 3 weeks ago)

*"Private equity forms have raised prices whilst either adding nothing or cutting internal staff and service options.""

The Neo-Liberal media needs way more guilt over what they do. It's like putting Elon Musk in an Iron Man movie or on Rick and Morty, the media too often act as propaganda for the system - they should be running stories about how it's on CEOs to run Just companies that have livable wages.

There needs to he laws that dictate the maximum ratio a CEO can be paid.

I wish workers would rebel.