I've been reading a book called "Plunder"[0] which covers private equity's impact on several sectors including eldercare, medical, housing, finance, and retail.

I've been reading a book called "Plunder"[0] which covers private equity's impact on several sectors including eldercare, medical, housing, finance, and retail. It lays out how the PE firms' MO is to destroy companies while extracting every ounce of value from them leaving a husk that quickly falls apart. There are several different strategies used by PE firms such as selling off property and renting them back to the companies they own, forcing companies to take on debt to pay the PE firms, and strategically breaking the law because the PE firms are not liable for the broken laws. It also covers how PE firms buy up all companies in a particular region and sector so that competition is not possible and consumers have no choice but to use the PE owned providers. It shows that the impacts PE has on hospitals such as those in this study are not side effects but are the known and intended goals of PE firms as they extract the value from the company. These firms need to be regulated out of existence but unfortunately the book also covers how many high profile government movers and shakers are tied up with private equity. For instance former secretary of the treasury Geithner now runs a PE firm and former president Trump is good friends with a PE exec (CEO of Blackstone). 0: https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/?lens=publicaffairs https://www.hachettebookgroup.com/titles/brendan-ballou/plun...