Strip, Extract, Abandon: The Private Equity Playbook That Is Gutting American Workers
Private equity firms have refined a ruthless acquisition model that systematically dismantles union contracts, slashes benefits, loads companies with debt, and extracts maximum profit before walking away — often leaving workers unemployed and pension funds depleted. From hospital chains to grocery stores to trucking companies, the pattern is consistent and the human damage is enormous. The financial industry calls it value creation. Workers call it what it is.