alt Hacker NewsI'm assuming parent-poster means "publicly-traded corporations with limited-liability and low friction on transfers of ownership."
However you're right that "capitalism" encompasses many potential different varieties and actors. For example, family-owned businesses are equally "capitalism", but they don't show up much in this kind of product-degradation story.
For example, family-owned businesses are equally "capitalism", but they don't show up much in this kind of product-degradation story.
Family owned businesses can be sold to private equity just like any other. Instant Pot was a family owned business started by the inventor and it was famously sold to private equity who then proceeded to raid its assets and bankrupt the company.