Cory Doctorow on Nostr: For me, the Ur-example of "rich people are dumb, even when it comes to money" is the ...

For me, the Ur-example of "rich people are dumb, even when it comes to money" is the private equity sector. I've written a *lot* about PE, and how destructive it is to the real economy, from Toys R Us to pet grooming:

https://pluralistic.net/2024/08/05/rugged-individuals/#misleading-by-analogy

How they killed Red Lobster:

https://pluralistic.net/2024/05/23/spineless/#invertebrates

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