What good does private equity bring to the world ?
Don't want to sound like a layman.
I see PE companies cut OPEX by laying of many and this also alters the quality of services they provide such as:
A. Healthcare services (cutting people per head in senior residences)
B. Buying pharma companies (downsizing operations such that there are less people at plant)
C. Buying up enough real estate in a particular city such that it causes rentals go up