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💸 The Hidden Cost of Private Equity
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Please see the corresponding Substack episode.
You probably don't know who owns your local hospital. You might not realize that the newspaper you grew up reading is now controlled by a firm that views journalism as a spreadsheet optimization problem. And when your rent suddenly jumps 30% or your neighborhood grocery store closes without warning, you probably blame "the economy" or "market forces"—abstract concepts that feel as inevitable as weather.
But there's nothing inevitable about what's happening. There's a very specific monster prowling through American communities, and it has a name: private equity.
Bad Company: Private Equity and the Death of the American Dream
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