Capitalism isn't just the theory that if the government doesn't mess with the corporations everything turns out peachy. No economist has ever put forward a theory that that was true. Capitalism is the idea that in an efficient market competition will tend to lead producers to make the best products at the lowest prices. That simple idea turns out to be a solution to many, many, problems humanity faces. But that doesn't equate to saying that corporations can do no wrong... Not at all. The free market doesn't work if there is fraud, poor information, collusion, externalities that aren't accounted for, deception, monopoly, etc. In my experience, companies like Bain Capital that I've worked with primary profit off of mild deception. They buy companies and artificially try to dress it up so that it looks like it's more profitable than it really is, then they cash in on that. That isn't an efficient market producing the best products at the lowest prices. It is market inefficiency.
Bain should be put on trial in this election. Its important for people to understand how much wealth in made in the country; not always by creating the new lightbulb or I-phone, but often by stealing equity; often at the expense of the unwealthy. It is a form of class warfare, with the 1% class the winners.
Last edited by upsideguy; 01-26-12 at 06:47 PM.
What was the company or companies involved, and what were the consequences and the charges laid?
its bunk of course but its a needed weapon to expand the creeping crud of class warfare that the leftist elite and wannabee elites promote in order to gain more wealth and power from those who have actually earned the wealth
I'm not long on conspiracy theories but if anyone ever deliberately set out to ruin a country they'd probably follow in the footsteps of BHO. Obama’s Leftism « Commentary Magazine
"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the ******* irony in that." - Justin Halpern