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I’d like to read more about this, has it been documented or analyzed in any organized way via books/research, etc. that is available?
by dr_monster 3y ago
I’d like to read more about this, has it been documented or analyzed in any organized way via books/research, etc. that is available?
- bleepblop 3y agoThis is a good jumping off point. https://www.npr.org/2023/04/26/1172179099/how-private-equity-firms-widen-the-income-gap https://www.npr.org/2023/04/26/1172179099/how-private-equity... https://www.marketplace.org/2023/04/27/how-private-equity-creates-a-circle-of-pain-in-the-us-economy/amp/ https://www.marketplace.org/2023/04/27/how-private-equity-cr...
- awaythrow483 3y agoRoughly the things to look up are private equity and their "bust out" strategy https://www.youtube.com/watch?v=z5PLEZiSZV https://www.youtube.com/watch?v=z5PLEZiSZV https://www.youtube.com/watch?v=r3_41Whvr1I https://www.youtube.com/watch?v=r3_41Whvr1I https://www.youtube.com/watch?v=o10nh86q64Q https://www.youtube.com/watch?v=o10nh86q64Q https://www.youtube.com/watch?v=n7VmIy0VXOY https://www.youtube.com/watch?v=n7VmIy0VXOY Buy a company with debt (leveraged buy out). Hand that cash back to the "private equity investors". Let the company go bankrupt and the debt magically dissapears. Basically legalized theft at enormous scale
- dismalpedigree 3y agoAgree. One of the most infuriating things we tolerate as a society. The number of good and solid companies adding value to society that have then been raided in order to line the pockets of a few is such a disgrace.