Protests target private equity industry at Berlin summit
Key takeaways
- Activists gathered to protest the Super Return private equity summit in Berlin, accusing the industry of driving inequality, job cuts and rising costs as investors representing trillions gather to seek high returns.
- Striding back and forth in front of a massive banner accompanied by other protesters and a big polar bear in a pink cape, she cites an analysis that found only one in four billionaires is self-made in the country.
- "Which tax can the government use to fairly redistribute this excessive wealth generated by genetic lottery?" Hedda shouted.
Why this matters: an international story with cross-border implications worth tracking.
Activists gathered to protest the Super Return private equity summit in Berlin, accusing the industry of driving inequality, job cuts and rising costs as investors representing trillions gather to seek high returns.
https://p.dw.com/p/5FYm1Private equity's operating model of looking for super returns has come under scrutiny in recent years as demonstrated recently in Berlin Image: No Super Return Advertisement Outside the majestic Wittenbergplatz subway station in Berlin, activist Hedda tells people passing by that the majority of the superrich in Germany inherited their wealth.
Striding back and forth in front of a massive banner accompanied by other protesters and a big polar bear in a pink cape, she cites an analysis that found only one in four billionaires is self-made in the country.