As the liberals go on about socialism, I can't help but think: wouldn't socialism cause PE to quickly die out? I heard socialism wants there to be little private property, and more communal ownership/government intervention.
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Bro with socialism countless industries would die
I don't think industries will die necessarily, because unless there's a massive culture shift with it, I think people would desire the same things thus the overall business/industry mix/landscape would stay the same. China has all the same industries as the US does but just different sizes. Then again probably depends on how socialist were getting/what other policies/restrictions come with it. Big tech would probably be chopped up first.
I guess, but is China the best example of socialism? OP mentioned communal ownership and little private property. It depends on what aspects of socialism he means would be implemented. I dont believe most people even want socialism here so I dont see how it would even work unless he is implying there is a cultural shift
Is China truly a socialist country though? You can't live a day in China without having your life intermingling with the tech giants.
If socialism were ever truly implemented I think we would have bigger problems to deal with, like a civil war. Really depends how far they go with it.
Carried interest would belong to the proletariat!
Based on your definition of socialism, China is one such country. The private equity industry there is booming.
In addition to that, true socialism may not ever exist.
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