An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Tuesday, January 7, 2020
Cory Doctorow - Explaining the con that is private equity
Emily Stewart's private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire -- all while enjoying special tax status on your gains.
Boing.Boing
Cory Doctorow - Explaining the con that is private equity
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