The Extraction Economy – Private Equity in Action
Elizabeth Warren on private equity predators Private equity(PE) firms are the pinnacle of the great shift in the American economy over the past 50 years […]
from production to extraction
Fire Engines, Monopolies, & Private Equity
The New York Times published a lengthy report on 2.17.2025, “As Wall Street Chases Profits, Fire Departments Have Paid the Price – Fire engine manufacturing […]
What is financialization and why does it matter? – part 1
Financialization is one of the most important drivers of changes in the last 50 years in American capitalism, and consequently in our society. As noted […]
Massachusetts New Law to Regulate Private Equity in Healthcare
Background Cerberus Capital, a private equity firm, began buying several hospitals in Massachusetts in 2010. In 2015, Cerberus sold most of its hospitals’ property to […]
Elon Musk, $50 billion, and Financialization – from production to extraction
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]