Public Libraries Fight Private Equity Takeovers - Stephen's Lighthouse

Public libraries fight private equity takeovers - Stephen's Lighthouse

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Hostile Private Company Attempts To Take Virginia Public Library ‘Away From the Community, and the Community Said No’: ‘Private Equity Is Such a Cancer'

Capitalism is great, but things can get problematic when a for-profit private company attempts a hostile takeover of a community’s public institution. For months, the mega private equity Library Systems & Services targeted Samuels Public Library of Warren County, Virginia. However, the local residents of the county weren’t having it. “They tried to take this library away from the community, and the community said no,” says the director of Samuel…