They’re private companies. They  don’t have to make filings to the Securities and Exchange Commission so a lot of their  business and a lot of their practices are  hidden from view, and that is by design. One of the things that could improve our  perception or educate people about how pervasive  private equity has become is to force these firms  to identify themselves as the owners. …  

How Private Equity Conquered America

Private equity firms are buying up the US economy and stripping it for parts, From healthcare to education, utilities, and more, massive firms like Blackstone and the Carlyle Group have acquired vast holdings across critical industries essential to the health and well-being of everyday people.  Instead of seeking to make these ventures more profitable, private equity firms are more likely to orchestrate to bleed their assets for short-term gains—even if those assets are universities, hospitals, or nursing homes.

Gretchen Morgenson, author of These Are the Plunderers: How Private Equity Runs—and Wrecks—America, returns to The Chris Hedges Report to discuss how private equity came to hold America hostage.

This is the second part of an earlier interview, you can watch the first part here: https://therealnews.com/the-collapse-…

Studio Production: Cameron Granadino, Adam Coley Post-Production: Adam Coley Watch The Chris Hedges Report live YouTube premiere on The Real News Network every Friday at 12PM ET: https://therealnews.com/chris-hedges-…

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