VC culture, private equity, and "hyper-growth" mentality has screwed over many good companies that once provided good services to the community. Good paying jobs with excellent benefits and providing upward mobility.
Now the labor benefits are shrinking, company loyalty is gone, customers screwed over, labor exploited with minimal in return, rising cost of living, increasing wage disparity, abuse of powers.
One can argue the neoclassical/neoliberal economic theory and "Reagan-omics" that birthed PE/VC culture gave power to the idiocracy we see today.