As an action figure enthusiast, I’m not a big fan of vulture capital destroying both KayBee and Toys R Us.
In his 2009 book The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy, Josh Kosman described Bain Capital as “notorious for its failure to plough profits back into its businesses,” being the first large private-equity firm to derive a large fraction of its revenues from corporate dividends and other distributions. The revenue potential of this strategy, which may “starve” a company of capital,[202] was increased by a 1970s court ruling that allowed companies to consider the entire fair market value of the company, instead of only their “hard assets”, in determining how much money was available to pay dividends.[203] In at least some instances, companies acquired by Bain borrowed money in order to increase their dividend payments, ultimately leading to the collapse of what had been financially stable businesses.[62]
Maybe there’s some middle ground between “abolish capitalism” and “you know what’s good idea to make money? Buying a company, making it take out loans to pay us more money until it can’t function anymore, and then selling off the scraps. And we do it again and again and again. Who cares about destroying lives? My line go up, fuck you lol”
(x) Doubt
As an action figure enthusiast, I’m not a big fan of vulture capital destroying both KayBee and Toys R Us.
Why does this make him a bad person?
Because capitalism is a system of exploitation, and what is being exploited are people.
Which politicians are going to get rid of capitalism?
Maybe there’s some middle ground between “abolish capitalism” and “you know what’s good idea to make money? Buying a company, making it take out loans to pay us more money until it can’t function anymore, and then selling off the scraps. And we do it again and again and again. Who cares about destroying lives? My line go up, fuck you lol”
Or maybe that’s just me.
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A question to my question, interesting.
I don’t think as many as we would like to believe are bad people.
Maybe the ones who want their children to have a world to live in.
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Jemima
Sebastianniversary
Crepulescent McCoy
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