The Lincoln Project cover image

Private Equity's Plan to Pillage America with Brendan Ballou

The Lincoln Project

CHAPTER

The Positive and the Negative of Private Equity Firms

Private equity firms have a stunning sort of legal similarity to the trusts of the late 19th and early 20th centuries. But we actually managed to constrain the power of the trust, it took a long time. We established the FTC, the SEC, the first labor and environmental laws,. The graduated income tax and so forth. All these things contributed to building a fairer economy.

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