General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIn a just world people with Romney's background should be going to jail not running for president
Getting wealthy from other peoples misfortunes isn't something people should be admiring. But a good chunk of the people in our country do admire that. I kind of always suspected this was the case but I had no idea how persuasive this way of thinking actually is.
Depressing, ain't it?
Don
Angry Dragon
(36,693 posts)he created the misfortunes of the people
the only thing the people did was work for a company that he raped
3waygeek
(2,034 posts)"corporations are people, my friend", does that mean Romney is a serial rapist?
Angry Dragon
(36,693 posts)unblock
(52,208 posts)in a just world, power in big businesses wouldn't be so concentrated, and compensation wouldn't be so outsized, and incentives wouldn't exist to trash the long-term in favor of the short-term, and those affected by RELUCTANT but necessary layoffs would be compensated with significant severance and retraining/relocation packages (be it by the company and/or the government).
romney wouldn't have the opportunity to go to jail for what he did because a just world wouldn't make it possible for him to raid pension funds, load up target companies with debt in order to pay himself hugely, then exit as the company goes belly-up.
all trades in capitalism are a combination of legitimate value-add for both parties and illegitimate power-based negotiation, where the stronger party essentially gains a rent for being in a stronger negotiating position. sometimes, management does need to layoff, downsize, restructure, merge, spin-off, etc., and sometimes these things make sense and are legitimate ways of keeping a good thing going or even making it better for all involved. sometimes, though, there's much more wealth-extraction then legitimate value-add. romney seems to have specialized in the wealth-extraction side of the business.
baldguy
(36,649 posts)They shouldn't be the top predators, though.