You stay in this one. If PE wasn't producing value it would disappear. What, you think people dump money into PE because they want to twirl their villainous moustaches?

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andrew_lettuce a day ago | parent [-]

Most people would say that extracting wealth and concentrating it into an ever shrinking group of elites is making the world worse. They do this both from the companies you and I might work for, but more importantly from the markets that have no defenses.

	▲	pfdietz 13 hours ago \| parent [-]
		This is a simpleminded parody of how a market works. Competition isn't concentrating wealth, it's driving down prices. The value ultimately flows to the consumers. When PE salvages a failing enterprise, it's increasing the overall value of that enterprise, even if that means selling off parts that still have value. Those parts are made available to others at prices lower than they otherwise would have had to pay. Wealth concentration flows from impediments to competition. There is no shortage of PE firms competing for these opportunities.