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April 4, 2014 07:00 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/91BR0tdOhNI/story01.htm
Private equity, an infection that is eating theworld
In an amazing and terrifying essay called How to get beyond the parasite economy, Eric Garland describes how private equity infects industry after industry, sucking all productive capacity out of it through complex and fraudulent financial engineering, and abandoning the drained husk as it moves onto its next meal.     |
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/91BR0tdOhNI/story01.htm
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