re: #272 Dark_Falcon

What’s “vulture capitalism”? I hear that throw around a lot, but I have not heard it defined.

About “vulture capitalism”, I’m not sure the word “capitalism” is appropriate, because “vulture capitalism”, as I’ve heard about it in regard to Bain, takes advantage of (1) government rules and regulations and (2) lack of appropriate government oversight. (1) is more like socialism, and (2) is simple theft, or a “prank”. For example, Bain Capital buys a company, borrows against the company assets in such a way that its tax burden is reduced (maybe to zero, or maybe they get tax credits), sells the company for a profit (without disclosing that the company is now in bad financial shape), and a few months later the company is gone.

This is a pedantic point, but the word “capitalism” seems not-quite right.