Why Private Equity Is Buying Everything You Need to Survive — And Making It Worse

There is a company you have probably never heard of that owns your apartment building, the emergency room where you went last year, the nursing home where your grandmother lives, the veterinary clinic where you take your dog, the dental practice where your children get their teeth cleaned, and the mobile home park where your cousin pays rent. You have never heard of this company because it does not want you to know it owns these things. It operates through a web of subsidiaries and holding companies with names that give no indication of what they actually are or who actually owns them. The company is a private equity firm. And in every single industry where private equity has made these purchases the pattern of outcomes is the same. Prices go up. Quality goes down. Workers are cut. And the private equity firm walks away with an enormous profit. This is the video that explains who is actually responsible for your hospital getting worse your rent getting higher and your vet bills exploding. 🔔 Subscribe to SEVENTY ONE — named after 1971 the year Nixon ended the gold standard and changed your money forever.