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Kim Phillips-Fein is the Robert Gardiner–Kenneth T. Jackson Professor of History at Columbia. She is the author of Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics.
Conspicuous Destruction
Two new books argue that the private equity industry has created an economic order in which getting rich quickly preempts every other value, undermining companies and evading the law.
Plunder: Private Equity’s Plan to Pillage America
by Brendan Ballou
These Are the Plunderers: How Private Equity Runs—and Wrecks—America
by Gretchen Morgenson and Joshua Rosner
October 19, 2023 issue
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