Conversation

'The reality is that private equity is not the best of capitalism, as it would like to pretend. Back in the 1970s it was described as what it really is. The description commonly used then for those undertaking this activity was ‘asset strippers'. Nothing much has changed, except the scale of the activity. Despite that, asset stripping is what it still is.'

Private equity is asset stripping https://www.taxresearch.org.uk/Blog/