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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: paul61 who wrote (464089)	1/8/2012 2:10:41 PM
From: Copeland	2 Recommendations Respond to of 793698

Baine Capital and LBO's should be illegal ! ! They ruin companies.....any one who does not realize this has never worked in a corporation. Thank you..........paul A lot of companies that are the targets of LBOs are often treading water or on the verge of collapse already. Strong, healthy, well managed companies aren't usually victims.

To: paul61 who wrote (464089)	1/8/2012 6:59:58 PM
From: LindyBill	3 Recommendations Read Replies (3) \| Respond to of 793698

Creative Destruction by W. Michael Cox and Richard Alm Joseph Schumpeter (1883–1950) coined the seemingly paradoxical term "creative destruction," and generations of economists have adopted it as a shorthand description of the free market's messy way of delivering progress. In Capitalism, Socialism, and Democracy (1942), the Austrian economist wrote: The opening up of new markets, foreign or domestic, and the organizational development from the craft shop to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. (p. 83)" econlib.org