All these markets have been ruined. They used to be multi ethnic hotspots for the local communities. Say Tooting market for example, had Jamaican music store, a butchers, a pet store, and a English style cafe in a small area. Now it's just gentrified with coffee shops.
Private Equity is engaged in buying artisanal semi-businesses, turning them into businesses, propping up the numbers while destroying them —then, hopefully, destroying itself.
-Nassim Taleb
"Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders." [0]
The mindset behind private equity takeovers is exactly this. They know, but they are really well paid to do it, and they don't care.
[0] https://x.com/Benioff/status/549339156854214656
All these markets have been ruined. They used to be multi ethnic hotspots for the local communities. Say Tooting market for example, had Jamaican music store, a butchers, a pet store, and a English style cafe in a small area. Now it's just gentrified with coffee shops.
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Private Equity is engaged in buying artisanal semi-businesses, turning them into businesses, propping up the numbers while destroying them —then, hopefully, destroying itself. -Nassim Taleb