Cory Doctorow – Explaining the con that is private equity

Summary:
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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