I was a part of the sweet team, oh yeah.

Take it down! This is hell.

This is hell. Live from the United States where private equity is apparently the virus this is

hell as our guest today reveals private equity is everywhere it may be running

the hospital where a child is born, the daycare they attend, then

the primary and secondary education they received, and onto college and into the workforce,

even their retirement, their elder care and the cemetery there laid to rest every step along the way.

Could have been run by private equity without the person even being

aware that it was run by private equity in that sense private equity is everywhere and yet nowhere

because it is often invisible that's because the private equity industry, the size of which is unknown, likes

to boast about the equity part, the value they add to a business, but their main focus really

seems to be is the private part, the lack of transparency, the rules and regulations from which they benefit,

that limits not only their own risk, but the risk of the banks who are their partners.

All of that risk is put on the workers, the business they take over, the public equity firm takes over,

and the communities that those businesses serve. While private equity likes to claim

they do save these companies, in reality their interest lies elsewhere. And that is with investors,

not workers, or their community, or the businesses that help those communities thrive. So what

happens when a community is stricken by the virus of public

equity? What happens to the people who it directly affects? We will find out in a few. We will

talk about economy in a way that's just not metrics and numbers, but actual human lives when we speak with journalists,

Megan Greenwell, author of Bad Company, Private Equity, and the Death of the American Dream.

Megan volunteers as the deputy director of the Princeton Summer Journalism Program, a workshop

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