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1855: The Quiet Billion-Dollar Machine Behind Job Loss, Higher Rents, and Vanishing Services

1855: The Quiet Billion-Dollar Machine Behind Job Loss, Higher Rents, and Vanishing Services

So Money with Farnoosh Torabi · Farnoosh Torabi

July 21, 202532m 22s

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Show Notes

<p>Ww’re pulling back the curtain on one of the most powerful — and least understood — forces shaping our economy: <strong>private equity</strong>.</p><br><p>My guest is <strong>Megan Greenwell</strong>, a veteran journalist and former editor-in-chief of <em>Deadspin</em>, whose new book, <a href="https://www.amazon.com/Bad-Company-American-Devastating-Communities/dp/0063299356" rel="noopener noreferrer" target="_blank"><em>Bad Company: Private Equity and the Death of the American Dream</em></a>, is both a searing exposé and a deeply human investigation. Through vivid storytelling and meticulous reporting, Megan shows how private equity firms, often operating in the shadows — have quietly reshaped entire industries: health care, housing, local news, retail, daycare, even emergency services.</p><br><p>At the heart of <em>Bad Company</em> are four Americans — Liz, Roger, Natalia, and Loren — whose lives were upended by private equity–backed takeovers of the institutions they depended on. Their stories reveal how a business model designed to extract maximum profits for investors has left devastation in its wake for working families and entire communities.</p><br><p>This is a conversation about capitalism, inequality, and the hollowing out of the American Dream. But it’s also about resilience, and the people fighting back.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>