Been thinking about this for a while…

Well…a nice article by Eugene Robinson in the Washington Post this morning kind of crystallized something that has been rattling around in my head for quite a while and highlights something that I think has been downplayed in the whole Bain Capital/creative destruction argument that has been presented as justification for the destruction of companies and lives by the right. While the entire emphasis has been from the investor side and the rightful assertion that people should make money from their investments, what about the investments of the people that work at these companies? The investments of time, loyalty, and forgone opportunities that came from listening to the promises of management and choosing to contribute to the growth and success of those companies has largely been ignored in the calculus of how the rewards should be distributed. Why should the investor class walk away with 88 percent profits yearly on their investments (as happened in one 10 year span at Bain) while the workers whose companies were gutted and ransacked by Bain walked away with nothing to show for their decades of service? It is just the latest manifestation of the contempt that the right has for labor and anyone who is not in the 1 percent…geez…

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