The Extraction Economy (Private Equity Pt. 1)
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The Extraction Economy (Private Equity Pt. 1)
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We demystify private equity in this first episode of a two-part series. Since the 2008 financial crisis, private equity has pillaged the economy by buying companies and public services. We break down how these shady financial tactics shift money away from payroll, pensions, and long-term investment, and deliver it directly into the pockets of a select few investors and executives. Instead of a Falcon Mode, we close this episode with a spooky-silly story about how every LLM has invented the same fictional character, a whimsical guy named Elias Thorne.
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Links:
Plunder by Brendan Ballou
Bad Company by Megan Greenwell
The Hater’s Guide to Private Equity by Ed Zitron
404 Media article about Elias Thorne
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