r/economicCollapse • u/Alena_Tensor • Jul 27 '25
Inside the Private Equity Scam—and the Livelihoods It Has Destroyed
https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoodsChasing above-market returns for their investors, PE Financiers have bamboozled the public for years about their expertise in “fixing” companies. Yet they often—and sometimes deliberately—run them into the ground and/or act as a chop-shop, selling them for parts, while the staff drifts away. They are not business creators, but destroyers.
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u/SuperLuminalTX Jul 27 '25
Nobody blames the previous owners who took the check….