Private equity, as an industry, has been responsible for massive wealth theft in recent years: that is, large-scale redistribution of wealth upward, from the working class to the ownership class. Whether through bankruptcies and job loss (famously at Toys “R” Us, for example), the looting of pensions, or increasing the ranks of the billionaire class, private equity is an enemy of the 99 percent and especially the working class.

The sector’s profiteers have money to spend to buy political influence, and they’d love to make a return on that investment. The good news is, some of their favorite candidates are tanking.

Bernie Sanders is running a solid second in most polls, with a message strongly opposed to the exploitation and inequality that private equity (PE) epitomizes. Not surprisingly, the industry flatly does not want either Sanders or Elizabeth Warren to be president, and its employees haven’t donated significant sums to either candidate. In fact, judging from their contributions, the industry — apart from the segment supporting Trump out of pure short-term id — is desperate to find candidates who can defeat the Left within the Democratic Party. PE doesn’t like the sound of wealth taxes, nor of redistributive programs like the Green New Deal, Medicare for All, or free college.