Art of the "rent seeking" Deal

[arkirk]

Except that private equity has been demonstrated to improve the economy on multiple metrics from multiple studies, so Mitt Romney would seem to fail your own definition. Either that or you are a private equity denialist. I wouldn't feel bad about that though, it seems to be a requirement these days to be a member of the left akin to global warming denial on the right.

You are correct, private equity is a modern adaption of the principles of creative destruction. It breaks up companies who are not making the best use of their assets.

It is possible that Raven is correct about Romney today if he is no longer actively involved in private equity but instead is living off of his investments, which would make him a rentier. He claimed to be out of active involvement in private equity in 2012.

Axulus: Explain how private equity is anything but a terribly bad joke being played on millions for millions. Who is it who decides what best use is? Certainly not a clown like Trump or Romney. Denialism is what the Rentiers of this world seek with their false claims of owning everything. Private equity is just another form of roulette where the real losers are those who have nothing to lose in the first place. You idea of genius is more akin to crookedness.