The Magic of Private Equity

Host Reed Galen is joined by Brendan Ballou, a Federal Prosecutor who served as Special Counsel for Private Equity in the Justice Department's Antitrust Division. They discuss the inner-workings of how private equity works, how it's reshaped American business (by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy), and how private equity is allowed to operate with the active support of various arms of the government. If you'd like more from Brendan Ballou, be sure to pick up his new book, Plunder: Private Equity's Plan to Pillage America. If you’d like to ask a question or share a comment with The Lincoln Project, send an email to podcast@lincolnproject.us.

Learn more about your ad choices. Visit megaphone.fm/adchoices