How private equity conquered America
==========
Private equity firms like Blackstone and the Carlyle Group have acquired vast holdings across critical industries in the US, from healthcare to education and utilities. Instead of seeking to make these ventures more profitable, private equity firms are more likely to bleed their assets for short-term gains, even if those assets are universities, hospitals, or nursing homes. Private equity firms have also closed hospitals, cut back on vital medical devices, and contributed to the healthcare system's unpreparedness for the COVID-19 pandemic. These firms operate in secrecy and have significant political clout, using their wealth to influence tax laws and regulations in their favor. The impact of private equity on the economy includes widening the wealth gap, job losses, reduced pensions, and increased costs for taxpayers. The article calls for greater awareness of the negative consequences of private equity and the need for regulation.
#PrivateEquity #UsEconomy #Healthcare #Education #Utilities #WealthGap #JobLosses #Pensions #TaxLaws #Regulation
https://mronline.org/2024/03/06/how-private-equity-conquered-america/
MR Online /
npub13n…rg8hu
2024-03-06 11:33:26
Author Public Key
npub13n6kznc54l36fw0s8fwp5welxwvg2j5flyj5ykrxvmy7r7qp88tqzrg8huPublished at
2024-03-06 11:33:26Event JSON
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"content": "How private equity conquered America\n==========\n\nPrivate equity firms like Blackstone and the Carlyle Group have acquired vast holdings across critical industries in the US, from healthcare to education and utilities. Instead of seeking to make these ventures more profitable, private equity firms are more likely to bleed their assets for short-term gains, even if those assets are universities, hospitals, or nursing homes. Private equity firms have also closed hospitals, cut back on vital medical devices, and contributed to the healthcare system's unpreparedness for the COVID-19 pandemic. These firms operate in secrecy and have significant political clout, using their wealth to influence tax laws and regulations in their favor. The impact of private equity on the economy includes widening the wealth gap, job losses, reduced pensions, and increased costs for taxpayers. The article calls for greater awareness of the negative consequences of private equity and the need for regulation.\n\n#PrivateEquity #UsEconomy #Healthcare #Education #Utilities #WealthGap #JobLosses #Pensions #TaxLaws #Regulation\n\nhttps://mronline.org/2024/03/06/how-private-equity-conquered-america/",
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