"This is what it does. Buy up businesses, run them into the ground, and rip them apart for short-term profit."

Image credit: BioWare

In the wake of EA's tragic shuttering of BioWare last week, a leader of one of Canada's New Democratic Party has spoken out about the perils of private equity, and said BioWare employees should be able to buy the studio with "federal support".

Avi Lewis, head of Canada's NDP, took to Bluesky to decry the news of BioWare's closure. He wrote: "This is private equity, this is what it does. Buy up businesses, run them into the ground, and rip them apart for short-term profit."

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He then moves on to the idea of a studio buyback, writing: "The developers at BioWare know how to run the studio. They know how to make the games we all love.…