@millennialmoron: Former Bay Street lawyer explains why she calls private equity "parasitic capitalism" and why a new Moody's report just proved her right. #privateequity #investing #canadianeconomy #business #personalfinance
Capitalism is parasitic at its core. Even without investors siphoning profit from a company you still have the singular person that owns that company just siphoning profits from their workers. The difference between capitalism and "parasitic capitalism", as you call it, is that in parasitic capitalism the owner class has essentially created a secondary capitalist structure on top of the capitalist class, siphoning profits from their profits. They call it returns but it's just another form of profit.
2026-06-22 00:08:09
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Jim Bob :
I don't understand this idea. Sure sometimes pe is reckless. But overall isn't building stronger companies more profitable for them? I feel like the pe story is more narrative than data
2026-08-10 00:50:02
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DC :
there's always a balance a fund manager has between risk and reward. the question of why Canada's economy is more at risk is not answered by "capitalism bad" 😂 especially if the comparison is to usa
2026-06-21 01:21:25
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ryanwhitaker3 :
It’s actually extremely similar to the logistics of medieval indulgence sales. If anything I’d say indulgences were less parasitic
2026-08-13 10:39:55
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TheGreatPotato :
There’s no such thing as parasitic capitalism. It’s simply capitalism 🙄
2026-08-12 03:08:00
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JDM :
It’s the grease of the wheels of capitalism.
2026-06-24 11:32:40
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gargoylon :
same
2026-07-29 14:01:43
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Mypybite :
Bro don’t get me started on the way trailer fees finesse pensions. Imagine an office has 700million Assets under management and their fees would clear 2.5% a year lmao. 😂
2026-07-22 06:38:43
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Grandjury 🍉 :
you are heros, keep bring this out
2026-06-26 18:43:13
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user8134970342386 :
Wake up Canada, this is a model by a banker, not someone whose best interest is for the people.
2026-08-03 14:48:57
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Savagely Polite 🇨🇦 :
How do you manage the risk of creditors defaulting due to PE leeching?
2026-06-21 06:05:42
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Joshua :
Carney is the perfect example of crony capitalism. The conservatives actually believe in free market capitalism
2026-06-23 19:32:30
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malakwadonkey :
Private equity firms have become parasites.
2026-06-21 07:06:50
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Jose Dominio :
Private equity reminds me of that scene in the Sopranos where Tony takes over a sporting goods store due to a gambling debt. They proceed to remove all assets, order huge quantities of new high margin stock (maxing out his credit), haul all of it away, and leave the owner (with no money and no way to pay any of his bills) to declare bankruptcy.
2026-06-22 03:37:15
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