alt Hacker NewsFor 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.
I mean they don't know up as perpetrators.
In contrast, I've never heard a complaint about a previously-respected product run by a private-equity firm that became ruined after it was taken private by a closely-held family business.