Private Equity buys up firms, fires workers, lowers quality, raises prices and then pays lower taxes in industry after industry. Health care, housing, nursing homes, and elsewhere. By @RBReich via @AlterNet. 5 minutes.
We are in the middle of a global economic war between western financial capitalism, and the rest of the world (which includes American workers). This 1.5 hour video is the best explanation of what is going on, helped along by his defining and distinguishing financial capitalism, from industrial capitalism.