Labor organizing against private equity

It would help if government would pitch in a lot more on behalf of those who do the actual important, necessary work in this world.

The May Day action was the debut of an effort that organizers hope can provide a hub to better unite, educate and coordinate labor’s struggle against the growing power of private equity — in no small part by working with investors who manage workers’ retirement funds to demand that private equity firms abide by the platform’s planks.

Private equity firms invest billions in private companies, often purchasing controlling stakes in those companies, usually with the intention of restructuring and selling them off in several years. Private equity has a reputation for being perhaps the most ruthless arm of Wall Street, with a single-minded focus on stripping and flipping companies to make a profit. - Truthout