Within the last couple of years, private equity and hedge funds have emerged as
some of the most dominant financial and corporate players. They are no longer
considered alternative investments but constitute part of the mainstream, one of theassets that pension funds, insurance companies and banks place their money in. They have made a lasting impact on the financial sector and have already made life harder for millions of ordinary workers while jeopardising their future pensions, as shown in this report. They are the epitome of the increasing financialisation of our economy, and the consequence is that their financial demands dictate the behaviour of ever greater parts of our society.
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Where the house always wins
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