Yet another perfectly viable enterprise hollowed out and destroyed by private equity. Contrary to the right-libertarian commentary that's churned out literally every day, capital accumulation doesn't create new productive capacity -- it buys it up and strips it for parts. #Enshittification
https://www.businessinsider.com/red-lobster-endless-shrimp-bankruptcy-private-equity-debt-real-estate-2024-5
Kevin Carson /
npub1hv…lmrph
2024-05-16 14:44:01
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2024-05-16 14:44:01Event JSON
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