Plunder

"A damning indictment of private equity" (New York Review of Books), this authoritative exposé shows what it is, how it kills businesses and jobs, how the government helps, and how we stop it. Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work. In Plunder , Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy. Ballou vividly illustrates how private equity firms buy up retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt or as shells of their former selves, with consequences for the communities that long depended on them. Perhaps most startling is Ballou's insight into how this is happening with the active support of various arms of the government. But, as Ballou reveals in an agenda for reining in the industry, private equity can be stopped from wreaking further havoc.

The authoritative expos? of private equity: what it is, how it kills businesses and jobs, how the government helps, and how we stop it Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work. In Plunder , Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy. Ballou vividly illustrates how many private equity firms buy up retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them. Perhaps most startling is Ballou's insight into how this is happening with the active support of various arms of the government. But, as Ballou reveals in an agenda for reining in the industry, private equity can be stopped from wreaking further havoc.

In this thought-provoking new work, historian Justin M. Jacobs challenges the widely accepted belief that many of Western museums’ treasures were acquired by imperialist plunder and theft. His account re-examines the allegedly immoral provenance of Western collections, advocating for a nuanced understanding of how artefacts reached Western shores. Jacobs examines the perspectives of Chinese, Egyptian and other participants in the global antiquities trade over the past two and a half centuries, revealing that Western collectors were often willingly embraced by locals. This collaborative dynamic, largely ignored by contemporary museum critics, unfolds a narrative that may lead to hope and promise for a brighter, more equitable future.

In this thought-provoking new work, historian Justin M. Jacobs challenges the widely accepted belief that many of Western museums’ treasures were acquired by imperialist plunder and theft. His account re-examines the allegedly immoral provenance of Western collections, advocating for a nuanced understanding of how artefacts reached Western shores. Jacobs examines the perspectives of Chinese, Egyptian and other participants in the global antiquities trade over the past two and a half centuries, revealing that Western collectors were often willingly embraced by locals. This collaborative dynamic, largely ignored by contemporary museum critics, unfolds a narrative that may lead to hope and promise for a brighter, more equitable future.

The last weeks of World War II on the Western Front in Europe witnessed extraordinary scenes of heroism, horror, melodrama and pathos. In Plunder , Max Hastings presents a cast of fascinating people British, American and German, in a series of great events in which some distinguished themselves through wonderful deeds, others through the basest crimes. The book takes its title from Montgomery’s ‘Operation Plunder’, the 23 March 1945 crossing of the Rhine, witnessed by Winston Churchill and embracing huge amphibious and airborne landings. The author describes the American coup in capturing Remagen bridge and the ‘battles of the breakout’ which followed. Thereafter he recounts stories of Nazi Werewolves; of US General George Patton’s reckless and doomed dispatch of an armoured column fifty miles behind German lines to liberate his son-in-law from a prison camp; the heartbreaking liberation of Belsen concentration camp; the wonderful achievement of Ian Liddell of the Coldstream Guards, among the last VC winners of the war and surely one of the most deserving; the last big SAS operation of the war. Finally come accounts of the tortuous succession of German surrenders, and the weeks of Admiral Karl Donitz’s posturing as the Third Reich’s last Fuhrer. Plunder is the latest history from Max Hastings, and offers his signature narrative of conflict, blending personal experiences into the ‘big picture’, highlighting deeds and personalities that will be unfamiliar to many readers. He mingles accounts of the battles with stories of people – warlords, soldiers, slave labourers, prisoners, fugitives, victims – who played many and various roles in the last European act of history’s most terrible war.

The last weeks of World War II on the Western Front in Europe witnessed extraordinary scenes of heroism, horror, melodrama and pathos. In Plunder , Max Hastings presents a cast of fascinating people British, American and German, in a series of great events in which some distinguished themselves through wonderful deeds, others through the basest crimes. The book takes its title from Montgomery’s ‘Operation Plunder’, the 23 March 1945 crossing of the Rhine, witnessed by Winston Churchill and embracing huge amphibious and airborne landings. The author describes the American coup in capturing Remagen bridge and the ‘battles of the breakout’ which followed. Thereafter he recounts stories of Nazi Werewolves; of US General George Patton’s reckless and doomed dispatch of an armoured column fifty miles behind German lines to liberate his son-in-law from a prison camp; the heartbreaking liberation of Belsen concentration camp; the wonderful achievement of Ian Liddell of the Coldstream Guards, among the last VC winners of the war and surely one of the most deserving; the last big SAS operation of the war. Finally come accounts of the tortuous succession of German surrenders, and the weeks of Admiral Karl Donitz’s posturing as the Third Reich’s last Fuhrer. Plunder is the latest history from Max Hastings, and offers his signature narrative of conflict, blending personal experiences into the ‘big picture’, highlighting deeds and personalities that will be unfamiliar to many readers. He mingles accounts of the battles with stories of people – warlords, soldiers, slave labourers, prisoners, fugitives, victims – who played many and various roles in the last European act of history’s most terrible war.

The last weeks of World War II on the Western Front in Europe witnessed extraordinary scenes of heroism, horror, melodrama and pathos. In Plunder , Max Hastings presents a cast of fascinating people British, American and German, in a series of great events in which some distinguished themselves through wonderful deeds, others through the basest crimes. The book takes its title from Montgomery’s ‘Operation Plunder’, the 23 March 1945 crossing of the Rhine, witnessed by Winston Churchill and embracing huge amphibious and airborne landings. The author describes the American coup in capturing Remagen bridge and the ‘battles of the breakout’ which followed. Thereafter he recounts stories of Nazi Werewolves; of US General George Patton’s reckless and doomed dispatch of an armoured column fifty miles behind German lines to liberate his son-in-law from a prison camp; the heartbreaking liberation of Belsen concentration camp; the wonderful achievement of Ian Liddell of the Coldstream Guards, among the last VC winners of the war and surely one of the most deserving; the last big SAS operation of the war. Finally come accounts of the tortuous succession of German surrenders, and the weeks of Admiral Karl Donitz’s posturing as the Third Reich’s last Fuhrer. Plunder is the latest history from Max Hastings, and offers his signature narrative of conflict, blending personal experiences into the ‘big picture’, highlighting deeds and personalities that will be unfamiliar to many readers. He mingles accounts of the battles with stories of people – warlords, soldiers, slave labourers, prisoners, fugitives, victims – who played many and various roles in the last European act of history’s most terrible war.

The last weeks of World War II on the Western Front in Europe witnessed extraordinary scenes of heroism, horror, melodrama and pathos. In Plunder , Max Hastings presents a cast of fascinating people British, American and German, in a series of great events in which some distinguished themselves through wonderful deeds, others through the basest crimes. The book takes its title from Montgomery’s ‘Operation Plunder’, the 23 March 1945 crossing of the Rhine, witnessed by Winston Churchill and embracing huge amphibious and airborne landings. The author describes the American coup in capturing Remagen bridge and the ‘battles of the breakout’ which followed. Thereafter he recounts stories of Nazi Werewolves; of US General George Patton’s reckless and doomed dispatch of an armoured column fifty miles behind German lines to liberate his son-in-law from a prison camp; the heartbreaking liberation of Belsen concentration camp; the wonderful achievement of Ian Liddell of the Coldstream Guards, among the last VC winners of the war and surely one of the most deserving; the last big SAS operation of the war. Finally come accounts of the tortuous succession of German surrenders, and the weeks of Admiral Karl Donitz’s posturing as the Third Reich’s last Fuhrer. Plunder is the latest history from Max Hastings, and offers his signature narrative of conflict, blending personal experiences into the ‘big picture’, highlighting deeds and personalities that will be unfamiliar to many readers. He mingles accounts of the battles with stories of people – warlords, soldiers, slave labourers, prisoners, fugitives, victims – who played many and various roles in the last European act of history’s most terrible war.