> Part of what’s going on with WeWork is that monopolies and private equity have eliminated profitable opportunities for investment, which is why the Federal Reserve is increasingly powerless.

No, you are confusing "monopolies and private equity" with the natural result of Sarbanes-Oxley. If you make going public too costly... companies are less likely to go public.

That would make sense only in the context of actively fraudulent companies.

A big reason to IPO used to be to gain the liquidity necessary to scale the business. This is no longer as necessary, since private financing allows companies to get billions in funding without trading control and being beholden to what most perceive as the short term thinking of public shareholders.

When you have a central bank that can control rates, no alternative money, and the bank can set rates negative, the equilibrium is for the government to own almost all assets. I'm not kidding. You will end up with communism, only via government regulation of rates, unless something breaks this up.

If our capital markets are so unproductive that having the government own the assets is considered a net economic gain, we'll need all the communism we can get.

The central bank does not "control" rates, they respond to the market signaling where rates should be.