ProudlyProgressive

Progressive Political Discussion

Posts Tagged ‘investing’

Private Equity and Why it is a Drain on the American Economy

Posted by ProudlyProgressive on May 15, 2012

Private Equity and Why it is a Drain on the American Economy

In this highly educational video, Robert Reich clearly explains why ‘Private Equity’ is a drain on the American economy and taxpayers, especially the 99%.  Believing, as I do, that certain types of Capitalism should be regulated or even made illegal does not mean that I am a Socialist it means that there should be a cop on every beat including the financial sector.  There are many ways to practice Capitalism, and we do not have to accept a brutal socially Darwinian version of Capitalism promulgated by the Vulture Capitalists found in the morally murky private equity markets. To watch the video and share it far and wide click here.   

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