#191 - Josh Kosman: How Private Equity Is Destroying Jobs and Killing the American Economy

Chatter

Josh Kosman has been covering the financial industry for twenty-five years. He is a reporter for the New York Post, a former editor at Mergermarket.com and a former senior writer for The Deal and Buyouts Newsletter. He appears frequently in the media as a private equity and mergers expert.

Few people realise that the top private equity firms such as Blackstone Group, Carlyle Group and Kohlberg Kravis Roberts have become America's largest employers through the businesses they own. Journalist Josh Kisman explores private equity's explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs. The Buyout of America is a timely book with an important warning for all.

Resources

The Buyout Of America: How Private Equity Is Destroying Jobs and Killing the American Economy

https://www.investopedia.com/terms/p/privateequity.asp

https://twitter.com/joshkosman

https://joshkosman.com

https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/

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