Kevin Carson on Nostr: Yet another perfectly viable enterprise hollowed out and destroyed by private equity. ...

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