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Richard Stallman's Political Notes

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Converting US economy into a system of financial parasitism

dimanche 13 avril 2014 à 14:00

Financial analyst Eric Garland says that Bain Capital (and similar leveraged-buyout companies) are converting the US economy into a system of financial parasitism, in which business decisions are no longer supposed to make sense for the company, and imposed company debt is put into complex schemes so it can be resold to a "bigger fool".

The "bigger fools" in this case are rich and greedy, so I offer no condolences to whichever one gets stuck with the hot potato. But the bursting of this bubble could hurt nearly everyone (except the parasites that did the leveraged buyouts).