Bain wasn't a vulture picking on a corpse, they were a vulture taking down an ocelot because they couldn't catch the cheetah.RoyGBiv wrote: I'm sorry but the notion that it's ok to leave lackluster companies alone to founder is a recipe for failure on a much bigger scale. Capitalism is harsh sometimes, but, even "vultures" do us all a service by cleaning out the carrion. This applies equally to both road kill and to companies that are not performing.
The problem with the economy today is that we're not creating jobs to replace those that have been removed from the US economy. When I worked at HP, we worried when our sales revenue was not at least 50% derived from businesses and products created within the last 5 years. Out with the old, in with the new. It takes hutzpa to create new products that compete with your own products, but it's necessary to remaining successful. Energy is a HUGE opportunity for well-paying job creation, so is healthcare. Government intervention/regulation is the problem. Want to build a pipeline (with not a dime of government money) that will employ ten thousand plus direct workers and support tens of thousands more in supporting roles? Sorry, you might disturb a few acres of Nebraska wetlands (or whatever). Want to build a solar plant? Sorry, your choice of locations affects a previously-unknown turtle habitat...... Want to sell your low-cost healthcare solution across state lines and grow your company while taking waste out of the industry? Sorry, you're not allowed.
You want to know why jobs are not growing? This is why.
But hey, I remember Houston in the 80's. I couldn't breathe there. To heck with those gub'mint meddlers gettin betwitxt a man and a dollar. Those people who can't breathe should just move, eh?
And to heck with those mamby-pamby building codes. If the building falls down killing everyone, the business will fail, right? That's the market correcting itself, surely. Darn meddlers.
FDA? Bah, who cares about some pig blood in the river. Plenty of fish elsewhere. If a drug kills someone, that person won't be able to buy more- market self-correction!
