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Unveiling Private Equity: Impact and Accountability
This chapter investigates the rise of private equity firms in the U.S. economy, outlining their operational mechanics and the controversial implications of their business model. Through personal anecdotes and case studies, it highlights issues such as short-term ownership, heavy debt burdens, and lack of accountability, demonstrating their detrimental effects on service quality and local economies. The discussion further explores the complexities of private equity’s influence on legislation, market competition, and the challenges faced by young professionals, raising critical questions about the structural incentives driving this industry.