The Extraction Economy – Private Equity in Action

Private equity(PE) firms are the pinnacle of the great shift in the American economy over the past 50 years from the production of goods and services to the extraction of as much money as possible as quickly as possible. Many refer to this phenomenon as financialization. Others use the term money manager capitalism.

Here is a 7-minute video by Senator Warren on how private equity firms act and some of her proposals to end this abusive business model.