05-31-2022, 04:03 AM
Some Boomers really deserve to be kicked out the door once and for all. The "Believe-it-or-Burn: fundamentalist Christians are obvious enough. The private equity people -- the sorts who borrow against the assets of a company, drain those, and leave a debt-laden husk behind -- are hard to associate with any virtue of economics. Private equity exploits weaknesses in the charters of old corporations to grab the assets and to operate the company "leaner" before selling off a wreck. The tradition was that a large corporation got richer through its retained earnings and used cash dividends to distribute surplus cash to shareholders.
This said, the aria "The Lord High Executioner" from Gilbert and Sullivan's Mikado has proved adaptable to changing attitudes. Computer spammers and virus-spreaders (whether computer or COVID-19{ surely won't be missed. Especially... those who call you claiming to be from Microsoft that you need to send them money on a pre-paid card to get your computer working again.
Private equity as corporate raiders constitutes a perverse form of capitalism, one which destroys the old virtues of capitalism in favor of... high rents, low wages, and businesses on the brink of bankruptcy so that the raiders can suck a business of its assets.
This said, the aria "The Lord High Executioner" from Gilbert and Sullivan's Mikado has proved adaptable to changing attitudes. Computer spammers and virus-spreaders (whether computer or COVID-19{ surely won't be missed. Especially... those who call you claiming to be from Microsoft that you need to send them money on a pre-paid card to get your computer working again.
Private equity as corporate raiders constitutes a perverse form of capitalism, one which destroys the old virtues of capitalism in favor of... high rents, low wages, and businesses on the brink of bankruptcy so that the raiders can suck a business of its assets.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.