Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Who Really Killed Toys R Us?
Posted
September 17, 2023
Views
23,158
Likes
1,028
Comments
167
Engagement
5.16%
September 17, 2023
23,158
1,028
167
5.16%
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17:06Now PlayingBrendan Ballou, author of Plunder: Private Equity's Plan to Pillage America, joins Emma in discussing private equity's role in American business. In "Plunder," Brendan Ballou exposes the workings of private equity firms like Blackstone, Carlyle, and KKR, revealing how they have transformed American businesses by increasing prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive sectors of the economy. Ballou demonstrates how private equity firms acquire various businesses, including retailers, medical practices, prisons, nursing homes, and mobile-home parks, often using minimal of their own capital while avoiding responsibility for the resulting debt and liabilities. He highlights the complicity of government entities in enabling these practices and offers an agenda for reining in the industry to prevent further harm to communities and businesses.
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