Banks

Shareholder Capitalism Is Not a Free or Fair Market

The story we are told Every economics textbook opens with the same fairy tale. Buyers and sellers meet as equals. Prices emerge from the honest collision of supply and demand. Anyone with a better product, a smarter idea, or a stronger work ethic can compete, win, and rise. The market

Banks

The Conjuring Trick: Private Equity and the Manufacture of Value

PE's flattering story: buy tired firms, fix them, sell them fitter. It survives by omitting the mechanism — debt loaded onto the target, fees taken upfront, returns geared. Toys "R" Us was still profitable when it went bankrupt. The owners were paid for killing it. Not a bug. The design.