How Private Equity Destroys the Companies You Depend On
How Private Equity Destroys the Companies You Depend On  
Podcast: Culture Study Podcast
Published On: Wed Jun 18 2025
Description: Chances are high that you’ve heard about the way that “private equity” has acquired, hollowed out, and bankrupted some service, product, or company you depend on. For years, I understood the work of private equity only in the vaguest terms — that it was bad, and that it f*cked stuff up. I had to learn a lot more when I was writing Can’t Even, because private equity acquisitions are one of many reasons work has become a burnout factory for so many. But I didn’t fully understand the breadth and the depth of private equity’s impact on our current economy until reading Megan Greenwell’s Bad Company — which she started writing after resigning from her position of editor-in-chief of Deadspin after private equity acquired the site and began excavating and eliminating the very core of what it made it work.In today’s episode, Megan joins me to answer your questions about how private equity actually works, how it affects industries, what companies it’s historically targeted and who it’s targeting now (hello, dental and vet care!) This episode will make you feel like you understand a structuring reality of our culture better — and will also help you understand why so many experiences and services just feel shittier. It’s a hellscape of an episode but a deeply enlightening one!Thanks to the sponsors of today’s episode!Get 15% off your order at ZBiotics.com/culturestudy, promo code CULTURESTUDYGet better sleep, hair and skin with Blissy and use CULTUREPOD to get an additional 30% off at blissy.com/CULTUREPODGet $75 off a Mill food recycler at mill.com/cultureGet rid of the Sunday Scaries by signing up for the Raw Signal Group newsletter at worldssecondbestnewsletter.comShow Notes:Buy Bad Company here!Follow Megan on Instagram hereMegan’s now-canonical piece on “The Adults in the Room,” published on Deadspin after Megan tendered her resignation, discussing what private equity had done to the siteDetails on how private equity killed Toys R UsA good overview of private equity’s effects on vet care and an NPR examination of high suicide rates amongst vet professionalsOn Walgreens’ acquisition by private equity and the future of pharmacy careThe Stop Wall Street Looting ActWe’re currently looking for your questions for future episodes about:The evolution of internet slang (and how it’s affected how you speak offline, too)The intersection of technology and parenting (especially how mothers are surveilled)REGIONAL ACCENTS!!!! (We have a accent/dialect expert as co-host!)Sabrina Carpenter????Book trends right nowFiction concierge!! Much like our old movies episode, let us know a few books you read and loved as well as whatever other parameters you want to put in place, and Maris Kreizman and I will make some recs!Anything you need advice or want musings on for the AAA segment. You can ask about anything, it’s literally the name of the segment!As always, you can submit them (and ideas for future eps) hereFor this week’s discussion: What did this discussion illuminate re: private equity? And what service/product/store has it decimated (in your life?)