It also has nothing whatsoever to do with venture capitalism. That’s another bit of misdirection tossed into the discussion. There is nothing wrong with venture capitalism, whether practiced by Bain or anyone else.
NONE of the examples in the film “King of Bain - When Mitt comes to Town” represented venture capitalism. These were examples of targeting going concerns, taking them over, saddling them with insurmountable debt to enrich the predator, selling off the physical assets, firing the employees, and leaving town before dawn.
This is not a description of venture capitalism, which consists mostly of funding promising start-ups for a piece of the action.
Venture capitalism is risk taking; corporate plunder is just unadorned taking and giving nothing back.