Private Equity, the ‘Dynamic and Flexible’ Scam
So (apparently) says Warren Buffett.
Much of America’s slide into economic inequality dates back to 1980 and Ronald Reagan’s promise to ‘get big government out of the way.’ Perhaps artificial intelligence (AI) can referee our two-party system of government back into sensible decisions, but I doubt it. AI appears, at least for now, to be amazingly free of Democrat or Republican bias.
That would be a refreshing change at the congressional committee level
Because I have long complained about regulatory tools having been removed from the toolboxes that restrain corporate enthusiasm for earnings and executive compensation, I suggest that AI may be a tool for reclaiming those constraints. Certainly, it’s not going to happen by a sudden wave of altruism and bipartisanship overwhelming the greed and self-service Congress has carefully erected for its compensation.
Nor will it be accomplished so long as legislators prefer re-election over statesmanship (defined as wisdom and skill in the managemen…