Yet another private equity horror story

Moonbeam

Elite Member
Nov 24, 1999
73,595
6,442
126
Life can be so cruel. Just when you got your 100 million and a 40 million dollar yacht with money rolling in and nothing going out the whole thing goes to pot. At least it's the modern age and he won't get stoned to death by all those who generous donated.
 

hal2kilo

Lifer
Feb 24, 2009
24,512
11,145
136

dullard

Elite Member
May 21, 2001
25,554
4,050
126
Seems like a refreshing change from the tired old "convert a private hospital into a charity, get millions from the government and wealthy donors for new equipment/wings, then convert back to private" trick. Although, with the buy land and lease back trick, it is harder to do the "donate equipment to yourself that you would have bought anyways to get a tax deduction during the charity period" trick.
 

Moonbeam

Elite Member
Nov 24, 1999
73,595
6,442
126
The problem I see is that the struggle for life has built into us a survival drive that when activated by external factors that cause it to kick in produces a motivation to do everything one can to live. Thus arises the great theory that to maximize progress of the species, the most efficient way to do so is to harness self interest and thereby create a system in which the competitive drive will lead to greater innovations and efficiencies. Thereby also we hear the statement that greed is good. But of course all this stupidity for all it's effectiveness leads inevitably to self interest above all else and the rape of the Earth. And the greater the need, the greater the fear of being left behind, the greater the rage against the machine, the greater the damage done. Only a society that reduces fear rather than maximizing it for profit will in the long run help us survive.

We are all the same and if all of us can calm our fears each of us will feel safe. You save yourself if you care for the well being of others. Our society feeds on and promotes sickness and will finally collapse if not changed, I think.
 
Reactions: hal2kilo

BoomerD

No Lifer
Feb 26, 2006
64,664
13,012
146
Where’s the “horror story?” Profits were made…Our capitalist system worked exactly as it was designed.
 
Reactions: Fenixgoon
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