Friday, July 3, 2026

Judging Greeddom this July 4th


Over the last several decades a number of trends have emerged.  More companies have become owned by private equity underwriters (PEU) and these corporate flippers multiplied like cockroaches.

Workers have gotten less of the overall economic pie, as PEU budgets are steered to management fees, drastically higher interest expenses and periodic special dividends/distributions to the sponsor.

Corporate profits soared as market forces, like prices, supply and demand, have been managed via price fixing software as a service, industry rollups and outright collusion.

Most people know something is not quite right.  Many people retiring lived at least one PEU takeover of their employer.  Some experienced many.  

Common phrases shared by those folks, "You won't believe what is going on here.  I can't talk about it on the phone or in this building, but we need to meet and visit.  It's crazy."  

Workers have no one to go to given politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and for that the little people suffer.  

Trump II has employed PEU practices to explode his family wealth to the tune of over $2.4 billion in the last year.  He and Carlyle Group co-founder David Rubenstein might call that God's work.  Only if your God is Mammon.

Total Wages down 27%, Profits up 200% and PEUs grew from 24 to 11,400.   These are things that are related.