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Private Equity Is Gutting America — And Getting Away With It

Brendan Ballou The New York Times
It’s an incentive system that encourages risky, even reckless behavior but, insulated from liability, they face little consequence if those plans fail. This explains why private equity firms often have such sorry consequences for everyone except themselves.

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Tidbits – Sept. 22, 2022 – Reader Comments: Kidnapping Immigrants; Railroad Workers, Railroad Profits; Religion; Ukraine War; Sweden; My Revolutionary Inspiration, Barbara Ehrenreich; Frank Emspak, Troublemaker; the Worker-Led Upsurge; More..

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