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 […]
private equity
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 […]
Update: Steward Healthcare System in bankruptcy
Uncovering Capitalism – the actual Workings (forthcoming) includes a brief case study of the impacts of private equity strategies on this hospital chain, “A Brief […]
The Waterworks of Money – how money and the financial sector work
By chance, I saw an exhibition titled “The Future of Money” (thru 9.9.2023) at the Art Museum of The Hague, Netherlands in May 2023. […]
Private Equity, Housing, and the Extraction Economy
In the last couple of years articles have begun to appear with titles like: When Private Equity Becomes Your Landlord Where Have All the Houses […]