This is the real story about Bain Capital and how they bought companies loaded them with debt,took out all they could as dividends using the cash from the loans they made against the newly bought companies and then watched them die in a few years.IT was a tax code play anything but pure capitalism...I've been thinking about this - it's predatory capitalism, let's call it "kill the goose" capitalism, analogous to force-feeding then killing geese to make pâté de foie gras.
This is the real story about Bain Capital and how they bought companies loaded them with debt,took out all they could as dividends using the cash from the loans they made against the newly bought companies and then watched them die in a few years.IT was a tax code play anything but pure capitalism...
I've been thinking about this - it's predatory capitalism, let's call it "kill the goose" capitalism, analogous to force-feeding then killing geese to make pâté de foie gras.
Exactly!
Its a whole different world from investing your own money in a company and then working hard to make it successful. Its nothing like that at all.