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Senate report: How private equity ‘gutted’ dozens of U.S. hospitals
Thanks to modern tricks of financial engineering, investors can prosper even when the underlying business is failing.
https://archive.ph/YllTP#selection-529.0-533.117
Read the comments too. Not one person has defended private equity. It might be possible to regulate PE with this much agreement about its ill-effects.
@peterquirk "The only real solution is to pass laws preventing private equity ownership of certain critical businesses. Extractive capitalism should flourish only where it can’t kill people."
i'll add or animals, as private equity has now set it sights on veterinarians & especially animal emergency clinics
@peterquirk
"Private equity firms" are a disease.