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Private Equity and the Demise of the Local

Private Equity and the Demise of the Local

The Loss of Community Economic Power and Autonomy

Maryann Feldman, Martin Kenney

Cambridge University Press
Publication date : 2024-05-23

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Capitalism is a powerful engine that requires finance. Private equity is part of the neoliberal transformation of capitalism that has failed the average citizen and unleashed a tsunami of leveraged acquisitions that have destroyed entire sectors of our economy. Private equity has become a powerful force that has moved from restructuring industrial firms to buying up just about any economic activity in local communities that has assets that can be monetized, without any consideration of the impact on the quality of life and well-being of the community. Th a process has been aided and abetted by government policy. The authors of this Element explain the workings of the private equity model and the reasons it has been so profitable. They document the effects of PE on firms and communities by examining a range of activities that once had a local focus. They conclude by offering policy recommendations.

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About the book

Author

Maryann Feldman , Martin Kenney

Imprint

Cambridge University Press

Collection

n.c

Publication date

2024-05-23

Pages

n.c

Print ISBN

9781009517201

Language

English

Ebook informations

EAN PDF

9781009321839

Price

£18.99

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Print count 0

File size 1628 Ko

Informations accessibility

EAN EPUB

9781009321815

Price

£18.99

Copy count 0

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File size 2959 Ko

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About author(s)

Maryann Feldman

Martin Kenney

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