alt Hacker News>Or do you want to redistribute the ownership of capital?
I think that's unfair. Do you disagree that companies who go public become myopic and attempt to extract more value until they've hollowed themselves out?
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MobiusHorizons • today at 2:53 PM
I would argue the effect is more pronounced in non-public companies that have private investors. Private equity especially does this, but VC backed startups also display extreme return on capital seeking behavior (albeit through growth rather than hollowing)
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It's not clear what public company status has to do with anything, but it's easy to point out that there is plenty of extraction and hollowing out on both the private and public company sides of the economy.