Is private equity anything other than an economic cancer? [View all]

Is private equity anything other than an economic cancer?
It causes immense pain for cities, towns and communities.
It kills jobs and businesses, solely for profit!
Why does America tolerate it?

Private equity is not a "natural" creature that grows in the wild.
It was intentionally created and permitted by lack of appropriate
regulation. It sprang to life because it empowers and
intensifies the worst aspects of capitalism. It came to life because man found yet another way to make mounds and mounds of money. It supercharges the worst of human nature - GREED.