How private equity firms use public pension funds to screw other workers

But rather, because those lawmakers think that everyone — particular public employees — should be required to invest their capital into anything that will give them the most ROI, no matter how much it destroys the planet, or their own livelihoods, or anything else.

This and the “make the numbers by any means necessary for the quarterly report to The Street” encapsulates, perfectly, the fundamental sickness of the American capitalism model. It’s no longer about sustanability and growing the economy, it’s about whatever we can do to extract as much money, in the shortest amount of time, from anything, and we’ll worry, if at all, about the consequences at a later date.

14 Likes