Rosie Spinks on private equity salad chains, homeless encampments, and the accelerating logic of extraction
Extraction isn’t my idea; it’s the operating logic of private equity which, by some estimates, controls as much as 20% of the US economy. The general gist is that everything in our world is driven by the impulse to extract power and wealth from one set of people or resources and move it further up the chain. The higher up the chain it goes, the more detached from reality it becomes. The further down, the sadder and more desperate.