The strongest case against Bain capitalism is a metaphor: Mitt Romney made a fortune swapping equity for debt. That’s what we’ve done for the past 30 years in this country, turning a great many of our assets into deficits for short-term gain. We need to do the opposite now.
Joe Klein, TIME (via liberalsarecool)
In the last 30 years our country didn’t just do that with money. We did it with people too. The only short-term gain achieved was increasing the wealth of the already wealthy (see Walmart as an example).
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