"A Cynical Means for the Affluent to Transfer Ever More Wealth From the Rest of Society to Themselves"

"In private equity, there is a saying that goes: 'Every day you're not selling, you're buying.' It means that as long as you hold on to a company or some other asset without profiting from it, you're betting on its longer term success. Behind it is a principle that is widespread on Wall Street: that there are only two sides to every trade--the winner and the loser. The same might be said about society's relationship to private equity: every day we're not regulating it, we're letting it regulate us. We're letting it take over our cells and replicate aggressively. It's clear who's on the winning side of that bargain."

In a 2024 Guardian article, Alex Blasdel explores the world of private equity.