Building a New Economics
The Debunking Economics Podcast
Private equity funds – capitalists or leeches?
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Private equity funds – capitalists or leeches?

Morrisons faces cuts as the acquiring private equity fund tries to recoup losses they incurred buying the company. Is that how capitalism is supposed to work?
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As you’ll hear at the start of this week’s podcast Warren Buffet isn’t a big fan of private equity firms. He says they lie, so they are not a good choice for investors, like pension funds, for example. But they are even worse for the companies being acquired by private equity funds. Morrisons is an example. A successful supermarket chain with a long, di…

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Building a New Economics
The Debunking Economics Podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics