Presidential candidate Julián Castro. It’s low income population apparently isn’t lucrative enough for the private equity firm that owns it. Private equity firms put money in a company to make money from their investment. Toys R Us is a particularly extreme example, but private equity is exercising an increasingly baleful influence over broad swaths of the business sector. But as Bryce Covert pointed out last year in the Atlantic, private equity has its tentacles in both major political parties.

Source: Washington Post July 15, 2019 21:33 UTC