Comments by "michael" (@michaeld4861) on "This Private Equity Firm Owns EVERY Chain" video.

@joefer5360 Sure but oil and sandwiches are of starkly different economic necessity. Oil is always destined to become a cartel if privately owned because the entire economy is reliant upon it. We need to diversify the energy sector, and preferably nationalize it, to reduce it's cartel-like influence upon society and our economy but at least with sandwiches we still have the option to eat something else. Although with all the consolidation and monopolies now workers don't really have much choice on where to work when 40% of all US jobs pay less than $15/hr and many are part-time.
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@RichardDuncan-ju1xk Owning a business is NOT a risk. You clearly have no idea how courts or bankruptcy works. As a business owner if your business fails or goes bankrupt you are not out any money, you still pay yourself and keep all your money. And nobody starts a business with the money they saved up working. That would never be enough. To start a business you raise capital. Meaning to sweet talk rich people and take loans out in the name of the business. Not personal loans in your own name. Just google the words: bank or venture capital. Nobody is taking a risk. None of these rich people took risk. If Amazon went under tomorrow Jeff Bezos would still be rich. Even when J&J was found to have poisoned millions of people and caused (at minimum) tens of thousands of proven cases of cancer, not only is the business doing better than ever but also the owners are richer than ever. They did the Texas two step and just spun off the product that caused the cancer (baby powder) into a "new" business that immediately declared bankruptcy and avoided all liability and everyone that died or is still dealing with cancer was left with nothing and no way to hold them accountable.
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