Race Against Time to Save Brixton Market from Private Equity (novaramedia.com)

All these markets have been ruined. They used to be multi ethnic hotspots for the local communities. Say Tooting market for example, had Jamaican music store, a butchers, a pet store, and a English style cafe in a small area. Now it's just gentrified with coffee shops.

Private Equity is engaged in buying artisanal semi-businesses, turning them into businesses, propping up the numbers while destroying them —then, hopefully, destroying itself. -Nassim Taleb

"Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders." [0]

The mindset behind private equity takeovers is exactly this. They know, but they are really well paid to do it, and they don't care.

[0] https://x.com/Benioff/status/549339156854214656