Warn of 'catastrophic consequences' if US gives free hand to private equity

ft.com

55 points·belter··9 comments

PE has been growing at a compound annual growth rate (i.e. exponential) and has just been gobbling even sectors they didn't traditionally get involved in, like healthcare. There's definitely potential for snowballing consequences.

[0]John Coates: Most Americans aren’t aware of how concentrated the financial sector has gotten

Harvard Business School

https://www.youtube.com/watch?v=v1-uTIN8zUQ

It’s truly tragic what’s been going on with veterinarians. I just need care for my pets. Instead I get bombarded with what amounts to sales and insurance pitches. There has to be a more viable way for family or local businesses to cash out while still supporting the community.

https://archive.ph/wkSsP

The prevalence of egg price anxiety as opposed to healthcare prices during the 2024 election foretold this.

"Lina Khan warns of ‘catastrophic consequences’"

And I believe the name is very important here because she was the only FTC head that managed to scare Facebook, Amazon, and Microsoft. All of them donated heavily to Trump and they got rewarded with her departure. Now, it looks like the FTC will go back to looking the other way. And that's what she is warning against.

The article is pretty short on details unfortunately. Was hoping for more, because the topic sounds interesting.

https://archive.ph/wkSsP

Who exactly would stop them?

Not the current elected representatives for sure

Article was paywalled, but I'm pretty sure private equity has been unencumbered for decades.

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