This is the edited version of a talk I gave at New York City political education event on private equity, December 2, 2023. My fellow panelists were Kim Phillips-Fein and Holden Taylor. Video is here. You’ve always got to start somewhere, so I think I’ll start as the 19th century was turning into the 20th. As the scale and technical complexity of production increased, the previously existing world of businesses that were run either as sole proprietorships or small partnerships were inadequate to the task. They gave way to what would become… Read More