running america like a business specifically means like sears or toys r us or red lobster or radioshack or kmart or joann or party city or payless shoe source or the limited or brookstone or envision healthcare or a&p or sports authority or vice media or tgi fridays or true value or rjr nabisco or - ThreadSky

roryblank.bsky.social • 37 days ago

running america like a business specifically means like sears or toys r us or red lobster or radioshack or kmart or joann or party city or payless shoe source or the limited or brookstone or envision healthcare or a&p or sports authority or vice media or tgi fridays or true value or rjr nabisco or

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wirelessben.bsky.social•35 days ago

or Circuit City or Fry's Electronics or Atari or PackardBell or Enron or Lehman Bros or Merrill Lynch or AIG or Anderson Consulting or Moody's or Standard & Poor or A&P Groceries or Chrysler or Pontiac or Saturn or

danifroom.bsky.social•37 days ago

this is so specifically painful to me

tps12.bsky.social•37 days ago

Social security the fattest, juiciest pension plan there is...

jlatimer.bsky.social•37 days ago

Get ready to add Walgreens to that list.

roryblank.bsky.social•37 days ago

I kept listing businesses killed by private equity until I hit the character limit

porgus.bsky.social•37 days ago

Perchance Enron

brooklynkid53bskys.bsky.social•37 days ago

There are literally 1,000s of companies in the US
you have picked out a handful that went bust

meanwhile, there are 1,000s of very successful growing companies so you could have picked one of those

nonajabiznez.bsky.social•37 days ago

Those companies didn't just "go bust". They were bought out by "businessmen" whose only concern was making as much money as fast as possible by cutting costs and cutting more costs until folks realized the brand is now crap and then it gets sold for parts.

dafrgama.bsky.social•37 days ago

hmmm yeah maybe there’s a reason why they didn’t

roryblank.bsky.social•37 days ago

What else do those businesses have in common specifically?

cryopunk.bsky.social•37 days ago

The "successful, growing company" I work for is just a corporation that just bought up 20 other successful, growing companies.
Growth isn't real. Free your mind of it already.

technicallyowen.bsky.social•32 days ago

600000 jobs in retail alone have been destroyed by private equity https://www.latimes.com/business/story/2019-07-24/private-equity-has-killed-600-000-retail-jobs-study-says-new-story and first 6 months of last year 11 of the 17 billion dollar plus bankruptcies were due to private equity. https://pestakeholder.org/news/private-equity-behind-65-of-billion-dollar-bankruptcies-in-2024/ even if it's only a handful they are stealing billions.

kiralynx.bsky.social•37 days ago

The point they're making is that elon and Trump will bankrupt us into the ground just like they bankrupted their own formerly valuable corporate empires

roryblank.bsky.social•37 days ago

More broadly, the way that private equity firms operate, which is exactly the way that DOGE is dealing with government offices, and under the direction in part of actual private equity guys like Tom Krause.

boo-i.bsky.social•37 days ago

or tesla or twitter or spacex or boring co or paypal or

pawtez.bsky.social•37 days ago

unfortunately most of these are heavily subsidized by. um. the united states

skeet.best•37 days ago

banger

trans.bsky.social•37 days ago

hell yeah, preach

castouroboros.bsky.social•37 days ago

Like a business*

*which had been bought by private equity vultures

skipwebb.bsky.social•37 days ago

Stop letting them set the playing field. Government is not a business. It's goal is services, not profits.
If you want to have a discussion about the roll of government, that is a different thing.

skateintraffic.bsky.social•37 days ago

Run America like private equity, sell the land under federal buildings and rent it back to em.

fnarf.bsky.social•37 days ago

No, no, no, I want a government run like https://pets.com!

battlehork.bsky.social•37 days ago

I forgot a few of those ever existed

gerts-michael.bsky.social•37 days ago

Carl Icahn, that gutted and sold off TWA and put tens of thousands out of work while shrinking the airline market, helped write his TCJA in 2017. It’s been clear since his first major signing in his first term whose side he was going to be on.

roryblank.bsky.social•37 days ago

you know that thing where a private equity company buys a business and then everything gets stripped for parts while the brand gets shittier and shittier until it collapses, guess what

technicallyowen.bsky.social•32 days ago

Mafia bust out from top to bottom it's an organized crime syndicate no wonder they love trump

jpwenger.bsky.social•37 days ago

Ask any Amazon fulfillment center employee about how they are treated and paid. There’s your answer to what to expect going forward if you’re not in the C-suite.

erdoc.bsky.social•37 days ago

Or crozer medical center ...

roryblank.bsky.social•37 days ago

I kept listing businesses killed by private equity until I hit the character limit

erdoc.bsky.social•37 days ago

Sadly hospitals are on that list And being purposed by private equity

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