Private Equity for Everyone Is Getting Out of Hand

Private equity may be our No. 1 economic boogeyman. It is blamed for rising real estate prices, poor medical care, and ruining many of the businesses we used to love. And yet it is also being mainstreamed as an asset class, with most everyone seemingly wanting a piece of the $7 trillion or so market that touches many of the goods and services we consume. The lure only grew stronger during the initial public offering of SpaceX, which valued the company at $1.8 trillion and handed unimaginable wea