DownloadThe Portobello Bookshop Gift Guide 2024

Private Equity and the Demise of the Local

The Loss of Community Economic Power and Autonomy

Maryann Feldman author Martin Kenney author

Format:Paperback

Publisher:Cambridge University Press

Published:23rd May '24

Currently unavailable, and unfortunately no date known when it will be back

This paperback is available in another edition too:

Private Equity and the Demise of the Local cover

This Element discusses how by extracting wealth from their investments, private equity weakens communities and local economies.

This Element explains the workings of the private equity model and the reasons for its profitability. The effects of PE on firms and communities have been documented by examining a range of activities that once had a local focus. Policy recommendations are mentioned.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.

ISBN: 9781009321846

Dimensions: 228mm x 152mm x 6mm

Weight: 160g

98 pages