A Tale of Private Equity

04 Jun 2012 12:16 #11 by Rick
Replied by Rick on topic A Tale of Private Equity

PrintSmith wrote: It's a worker's paradise parable. One gets to work for only a short period of time and then enjoy all the good things in life and be happy. One of the great things about this union of ours is that if one desires the life of this fisherman, they are free to pursue it and if one desires the life of the financier, they are free to pursue that one as well. Life, liberty and the pursuit of happiness - right?

The problem with the parable is that eventually some enterprising Greek, who wants to ensure the welfare of his children and his children's children after he is gone, is going to do just as the financier suggested. At that point, the price that the fisherman can get for his yellow fin tuna is going to drop because the other guy has the economy of scale working for him. Then the one guy in the one boat is going to be on the water for a lot longer, catching a lot more fish, just to keep his current income and in the process lose the ability to siesta with his wife, play with the kids and in the evening he will be so tired from the length of his labor that he will not feel like strolling into the village in the evening to play cards and sip wine. He will become an embittered man - much like our own embittered soul who started this thread.

Well said...I'd like to see someone give a counter argument that is coherent.

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

Please Log in or Create an account to join the conversation.

04 Jun 2012 17:50 #12 by Martin Ent Inc

Please Log in or Create an account to join the conversation.

05 Jun 2012 08:45 #13 by Rick
Replied by Rick on topic A Tale of Private Equity

Martin Ent Inc wrote: Leave Private Equity Aloooone!

http://www.motherjones.com/kevin-drum/2 ... y-aloooone

From that article:

So what's going on here? It seems to be a pretty straightforward case of Democrats not wanting to bite the hands that feed them. Josh Israel at Thinkprogress writes that Booker's first mayoral campaign received large contributions from people who work for Bain and the financial services industry. Ford got Bain money, too—the firm is listed on Open Secrets as his sixth-largest contributor in 2006 cycle. Rendell also received sizeable contributions from the financial services industry. Overall, as my colleague Asawin Suebsaeng noted months ago, Bain Capital's employees have given more to Democrats than Republicans. (Obama himself received a good chunk of change from Bain employees.)

Nope, can't have it both ways.

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

Please Log in or Create an account to join the conversation.

Time to create page: 0.134 seconds
Powered by Kunena Forum
sponsors
© My Mountain Town (new)
Google+