From the radical communist lefties at the University of Chicago Business Law Review:

“Private equity (PE) funds control over $9 trillion in assets and thousands of companies, yet their leverage-driven model often amplifies financial fragility and social harm. This article argues that the core tools of PE value creation—high leverage, cash extraction, and short-term exit incentives—externalize predictable risks to third parties including workers, healthcare patients, consumers, unsecured creditors, communities and the environment.”