Part 5/11:
As private equity firms pursue dominance, they create micro monopolies that can seriously impact local economies and communities. A prime example is the recent surge of investments in youth sports leagues—a $3 billion industry as per reports by the Aspen Institute. This concentration allows private equity to corner local markets, effectively stifling competition, while parents feel the pressure to keep their children engaged in extracurricular activities.
With the Federal Trade Commission struggling to enforce antitrust laws against escalating monopolistic tactics, the ramifications on local economies are significant, from increased prices to reduced choices.