Saturday, October 24, 2009

Cash Cow Economy

One final quote from this NYT article on private equity companies:
"Simmons has been a cash cow. It’s made a lot of people a lot of money,”
said David Perry, executive editor of Furniture/Today. “But there’s a growing
question in the industry of how many more times can this be repeated. How much
more juice can be squeezed out of the orange?”

The economy and its companies (and employees and their jobs and pensions and health benefits) as a 'cash cow' for the investor class, who sit around in their mansions and luxurious offices making deals, like they're playing Monopoly? This is 'capitalism' at its decadent worst, if you ask me. This is why Michael Moore and his new movie on capitalism are creating such a stir.

No comments:

Post a Comment