The Audio Long Read Slash and burn: is private equity out of control?
Nov 8, 2024
Alex Blasdel, author known for his incisive analysis of financial systems, discusses the vast and often troubling reach of private equity. He highlights the luxurious lifestyles of its leaders against the backdrop of communities facing neglect. The talk exposes the aggressive tactics that prioritize profits over people, leading to lower wages and job insecurity. Blasdel critiques the collusion with political leaders that thwarts necessary regulations, showcasing a system that enriches a few while leaving many struggling in its wake.
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Schwarzman's Parties
- Stephen Schwarzman's lavish parties exemplify private equity's opulence.
- These parties, costing millions, featured extravagant elements and celebrity performances.
Private Equity's Reach
- Private equity's reach extends to nearly every aspect of modern life, from preschools to funeral homes.
- Sachin Kajuria emphasizes its pervasive influence, stating some people live entirely within systems owned by these firms.
Baby Root Canals
- Private equity-controlled dental chains reportedly incentivized unnecessary root canals in children to boost profits.
- One child's death highlights the egregious nature of such practices.