“Perry started slashing away at Romney’s record as chief executive at Bain Capital on Monday, but was more caustic Tuesday in condemning the firm’s practice of making money in corporate takeover deals that sometimes triggered job losses.”
There are, in fact, some VERY unscrupulous characters out there in the VC world and I’m not saying Bain was one of them, but defending them is not defending capitalism as some here believe. There have been many raiders and hostile buyouts that have wiped out otherwise good, decent companies and put people out of work for absolutely no reason other than turning a quick buck by destroying them.
I find that kind of “capitalism” as antithetical to a healthy economy as a result of a solid work ethic. I don’t know how defenders of this kind of raiding square the two concepts.
There are corrupt, dishonest people to be sure. But it's exceedingly rare to make money by intentionally destroying profitable companies. What would be the point?
“There have been many raiders and hostile buyouts that have wiped out otherwise good, decent companies”
Examples, Please...
“There are, in fact, some VERY unscrupulous characters out there in the VC world and I’m not saying Bain was one of them, but defending them is not defending capitalism as some here believe.”
This is what I dont get.
Why are there people on our side that think that Capitalism = everything done under it is automatically supposed to be applauded.
If I sell someone bread that is moldy and didnt tell you, should I be defended because it was capitalism?