Vampire Capitalism

Rick Perry has understated the role of Mitt Romney's destructive influence on American free enterprise as "vulture capitalism". It was actually a form of "vampire capitalism". It works by bleeding American companies dry, bankrupting them, firing American workers, transferring the business and American jobs to friends overseas, raiding and demolishing employee pension and health plans, and passing all other related costs to the American taxpayer. Romney amassed wealth by these unfortunate means. Is this the American dream?

 

It certainly is the Republican dream.

 

Reject the premise. You haven't supported your allegations; you've just made them.

You have work to do.

 

The idiotic OP fails to mention that 70% of the companies that Bain Capital invested in under Mitt Romney turned around and made money.

I'll take a man with a 70% success rate in business any day over the novelty president we have now.

 

Romney's business experience is about the only thing positive about him. His support for gun control, insurance mandates, tax hikes, et al, are the negatives.

 

I see lots of that as being a necessary evil for being governor of Massachusettes and dealing with a legislature that is 85% Democratic.

IIRC, he did veto some 800 bills passed by the legislature.

 

He didn't veto Romneycare. He does not have a consistent core philosophy and his record's as full of holes as swiss cheese.

 

Romneycare is fine if a state wants to do it. It just should not be imposed on the nation as a whole.

 

Why is ok for a state but not a nation? I don't understand this at all.

 

OP is a fool with no business understanding.

 

C'mon man. the list of uber-rich democrat moguls that fancy themselves liberal that have mastered "vulture capitalism" is endless.

 

When Michael Moore gives up his millions the democrats can feel free to whine about the rich.

 

Michael Moore is a pauper compared to the the power broker democrats that pull the strings of the likes of Obama

 

It sounds much like "Vampire Economy" of Hitler Germany...

http://mises.org/books/vampireeconomy.pdf

Read for yourself.

 

Nonsense. The dismantling of failing businesses is not destructive to free enterprise, it is how wealth is redirected to more profitable activities that boost wealth and the standard of living for everyone. Now, I'll agree that a government that allows costs to be passed on to taxpayers is destructive to free enterprise, but the blame for that can be placed squarely on those who hate capitalism and want to replace enterprise with kleptocracy.

 

The idiotic poster fails to mention that 90% of the companies he slashed down to practically nothing and only made money as a result of being slashed so heavily.

That's like saying an arsonist set a house on fire, burned it almost completely to the ground, collected the insurance, and then "produced" a crate toothpicks from the ashes, then made money selling the toothpicks at a profit, so he's a "success". He's a corporate rapist and his Presidential aspiration days are seriously numbered when corporate filth like him, becomes the focus of the Obama campaign (which will begin as soon as you nit wit righties settle on somebody from the recirculating turd bowl).

 

What an idiotic analogy. The arson is fraud and a clear violation. The "slashing down" of a company to make it profitable or to more efficiently allocate its assets through other means is not fraud and it's not theft.

 

It's theft...corporate style. The slashing results in CEO bonuses so it's done regularly.

 

Yes, and that's a good thing. The 90% was unproductive dead wood, as shown by the fact that it was losing money. Those dead-wood resources, once freed up by Willard in his more economically productive period, could then be reallocated to other areas of the economy where they would be productive. A boon all around.

Making toothpicks out of a house would be productive too, assuming it's your property and there's a glut of houses and a shortage of toothpicks.

 

Well, I hope the Mitt will tell America they were dead wood when he tries to elect himself POTUS, as he explains why he cut the throats of all the people he did over the years. It will be focused on heavily and will certainly be interesting. He's the corporate boy so I look forward to the negative publicity for the stuffed shirt crowd.

 

So you think the purpose of an investor should be to pour hundreds of millons of dollars into a business all for the point of keeping a bunch of unproductive employees working?

You forget something vital.

"Employment" is not the point of capitalism. It is a side effect.

"Profit" is the point of capitalism.

If you have no "profit" you eventually have no "employment".

What would be your preferred fate for those companies Bain Capital invested in?

 

Are you the sort of person who thinks that the purpose an economy is simply for everyone to have "jobs"? Well, it isn't. The purpose of an economy and the purpose of jobs is to produce goods and services consumers want. Some jobs are productive. They produce goods and services consumers want. Other jobs are wasteful because they produce goods and services consumers don't want or want less than something else that worker might otherwise be using his time and energy to produce.

When you destroy unproductive or less productive jobs, you don't cut peoples' throats. You free up those workers so that they can be reallocated to other areas of the economy where they can start producing the sort of goods and services by which they more efficiently fulfill consumer demand. While troublesome for those workers in the short run, it is better for everyone in the long run because it makes the economy better at fulfilling consumer demand and we are all consumers.

If no one ever lost a job--if labor was never reallocated from one area of the economy to another--the economy would be frozen. It would be stagnant. We'd all have jobs, but we'd all be poor because those jobs wouldn't be producing the goods and services we as consumers demand.

 

So...summarily, profit is what it's all about. Not the jobs the "creators" hype up. It's all about the profit and nothing more. I think I said that already. You call it an improvement when slashers come in and destroy people's futures. I call it cutting the throats of people. Justify helps you guys any way you like...I know it helps you rapists sleep at night.

 

I guess you didn't hear me say the word "consumer" about three dozen times. It's all about the consumer. In a free market, the consumer is king. Jobs exist to serve consumers. If a job isn't producing what consumers want, the job shouldn't exist. That doesn't, of course, mean the person in the job shouldn't exist, only that he should be transferred to another job where he can produce things consumers want. Do you think the economy should be frozen? Do you realize how much poorer everyone would be if every job was locked in place until the end of time?

You "progressives" seem to think that all that matters is that everyone has a "job," even if it's digging ditches all day and filling them back up. But the reason such a thing as a job was ever invented was in order to produce goods and services demanded by consumers. Think about these things from the perspective of what's best for consumers.

 

One of many problems with you right wing pro slasher types arguments, is that slashes are done more often than not, to increase profit for the fat cats and little else. It isn't this "we want to save the company" BS that you would have us all believe. It's about PROFIT. The board members want MORE. The knee jerk reaction is to "downsize" and save the company money. That's nonsense. It's about improving profit margins for the already lean machine in the interests of leeching MORE. Why don't companies start with the top down? Slash a CEO's salary instead of bonuses. Fire those "board" fat cats that have too many expenses. After all...it was poor executive oversight that put the company in this cost cutting mode to begin with most of the time, isn't it? Too fat. Too big. Well, if that's so, it was your great leadership that created the mess to begin with, so, begone pigs.

In summary...what Pinkslip Romney does is cut somebody elses throat to stuff more into his pockets. That's his way...that's the corporate way, and it's all but killed this country.