Capitalism is undergoing a quiet transformation as institutional private capital increases its ownership footprints across vast swathes of the economy.
> The single-minded pursuit of cost minimisation and profit maximisation leaves both customers and employees worse off.
Profit maximisation is the entire point of capitalist firms. I don't see the problem with this. I don't understand this nostalgia for small family businesses personally. If small businesses are better at running these local service businesses they'll be eventually prevail in the market anyway. I don't see the point of government interference in this matter.
> But with PE ownership expanding its roots across the economy and with institutional investors like pension funds and insurers contributing an increasing share of PE investments, there’s a greater case for regulation of PE firms on similar lines as public capital.
What is the matter with you? Anything and everything is a problem to be solved with government. After all government is true religion of India.
> The single-minded pursuit of cost minimisation and profit maximisation leaves both customers and employees worse off.
Profit maximisation is the entire point of capitalist firms. I don't see the problem with this. I don't understand this nostalgia for small family businesses personally. If small businesses are better at running these local service businesses they'll be eventually prevail in the market anyway. I don't see the point of government interference in this matter.
> But with PE ownership expanding its roots across the economy and with institutional investors like pension funds and insurers contributing an increasing share of PE investments, there’s a greater case for regulation of PE firms on similar lines as public capital.
What is the matter with you? Anything and everything is a problem to be solved with government. After all government is true religion of India.