Marquee private equity firms such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have grown bigger and more powerful than ever. They have also become the nation’s largest employers through the businesses they own. Journalist Josh Kosman, who is a business writer at The New York Post explores private equity’s explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown by 2018, wiping out more than one million jobs.
He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.
Ralph Nader says this about Josh Kosman's book, The Buyout of America.
“Just how do those giant private-equity boys get away with taking over working companies, strip-mining their equity, squeezing out many workers, often ending in bankruptcy, yet still jump ship with big profits, pay very few taxes, and stay out of jail? The answers are in Josh Kosman’s The Buyout of America. He believes there is still time to wake up Washington, but only if enough readers themselves heed this properly alarming wake-up call for all Americans.”
To contact Josh Kosman, please visit http://www.joshkosman.com
