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Private equity faces existential crisis in US as unsold companies pile up (www.theguardian.com)

submitted 2 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Private equity firms and the companies they own employ over 13 million, from startups to rural hospitals and large retailers, but experts’ concerns of collapse are growing

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[–] klankin@piefed.ca 2 points 1 day ago

Its almost like they bought the companies to kill competition, and the only ones shouldering the loss are the lowest paid workers.

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