Does wealth corrupt?

iVillage Member
Registered: 03-03-2009
Does wealth corrupt?
61
Sun, 01-29-2012 - 4:27am

Lord Acton famously said that power tends to corrupt; and absolute power corrupts absolutely.

Jabberwocka

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iVillage Member
Registered: 02-28-2008
Wed, 02-01-2012 - 6:06pm

Im sorry are you mormon? because i am I have to tell you his church had zero to do with his money.He did not create more jobs he ended more than he created he preyed upon vulnerable companies and he tore them apart.

iVillage Member
Registered: 05-13-2009
Wed, 02-01-2012 - 6:07pm


That is exactly what he is doing. Bain capital is not a job creator and he was a left of center republican Gov in Ma and his record proves it, no matter how hard he tries to run away from it.
iVillage Member
Registered: 02-28-2008
Wed, 02-01-2012 - 6:09pm

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iVillage Member
Registered: 02-28-2008
Wed, 02-01-2012 - 6:10pm

a-men.

iVillage Member
Registered: 03-30-2007
Wed, 02-01-2012 - 6:42pm

ITA!!!

Domino's, Staples and Sports Authority have mainly part-time workers.

iVillage Member
Registered: 11-10-2006
Wed, 02-01-2012 - 9:22pm
goddessofpeace wrote:

Im sorry are you mormon? because i am I have to tell you his church had zero to do with his money.He did not create more jobs he ended more than he created he preyed upon vulnerable companies and he tore them apart.

I would like a link proving your accusation that he lost more jobs than created. I never said his church had anything to do with his money..... Not sure why you would think I did.

 


 


 


iVillage Member
Registered: 11-10-2006
Wed, 02-01-2012 - 9:31pm
chestnuthooligan wrote:

Bain Capital is not in the business to create jobs, it is in the business to create wealth for its investors by any means, laying off workers, expanding overseas to chase profits and paying top executives significantly more than employees on lower rungs.



Retail positions where the average wage is 25K, hovering around the poverty level, and most likely food stamp eligible.



Not really. He wasn't concerned about business profitability or even viability, just return on investment for Bain Capital. Randian free market capitalism, but not a viable program for our country.

Bain is in the business of growing business, or making it more profitable. The number of businesses it has grown is quite impressive. Not all job in retail are low paying. Jobs are good no matter what.... Not every company has room for all execs, and not everyone is qualified for more. Now we have to get all ticked about the type of jobs he's created? Looks to me like people just have to find something

 


 


 


iVillage Member
Registered: 11-10-2006
Wed, 02-01-2012 - 9:35pm
What exactly is it people are looking for? Retail doesn't count... Wait.. It only counts when the jobs are lost? Liberals are running out of straws!!

 


 


 


iVillage Member
Registered: 11-10-2006
Wed, 02-01-2012 - 9:37pm
Bain Capital is a Boston-headquartered alternative asset management and financial services company that specializes in private equity, venture capital, credit and public market investments. Bain invests across a broad range of industry sectors and geographic regions. As of the beginning of 2012, the firm manages approximately $66 billion of investor capital across its various investment platforms. The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

 


 


 


iVillage Member
Registered: 02-28-2008
Wed, 02-01-2012 - 10:29pm

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Surely and likewise I would like to see some links proving he created more than he lost

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