How Private Equity Firms Widen The Income Gap | Fresh Air

Financial journalist Gretchen Morgenson explains how private equity firms buy out companies, then lay off employees and cut costs in order to expand profits. Her new book is These are the Plunderers.
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[@denniswagner2391]

Thank you for your work.

[@jeffdymek2694]

Within their *scope *of *practice, Nurse Practitioners deliver care that is equal to, or better in some measures, than MDs. They are cost effective in areas where scopes of practice overlap, and they are filling the gaps where MDs do not want to practice. Don’t make them out to be a negative outcome of PEF parasites and late stage capitalism.

[@teo2975]

you have picked the one example that may affect your. In fact this entire fresh air piece is adovacy of higher cost alternatives in every aspect.

[@davidtrindle6473]

My Doc is an NP-my best doctor ever.

[@user-ot8bv4zd4p]

I am grateful for NPs and PAs and have worked alongside many. Howler, due to differences In levels of training, physicians, for the most part, will usually have a higher level of expertise than both of these other 2 professionals. Many professions operate in a similar fashion. No one is disparaging NPs or even PAs. But most people would prefer the person with the highest most advanced level of training. Private equity firms r the prob and that point was clearly stated here.

[@teo2975]

This entire piece is one gigantic red herring. We would still be hunter gatherers if we were not seeking out efficiencies.

[@chrisbowser]

There are a couple of good issues raised here. The first being the debt raised is on the bought business not by the PE fund in their own name. This is like a one way bet. Imagine I bet you $50 on a coin toss, but if I lose, you have to pay the $50 and if I win I get the $50. Secondly we tax debt and capital differently so an entreprenuer who builds their company without debt pays more than the PE firm

[@johnsimmons6637]

Theres a big difference between efficiencies and raping a business for profit and striping it down so it can't function and then selling for profit. Look at what's happening to newspapers

[@user-ot8bv4zd4p]

Spoken like a free market capitalist. As long as your loved ones r not affected, u will justify this type of greed. My ethics don’t support this type of business practice.