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Monday, December 09, 2019 {{ new Date().getDay() }}

Mostly absent from the ongoing debate over the private equity  industry is any realistic assessment of its actual history. Its loudest defenders ignore the dark uses of planned bankruptcy, state subsidy, and tax avoidance by firms like Bain Capital to maintain superprofits. Without criminal violence and extortion, such conduct can be perfectly legal.

But in fostering growth – or creating jobs – it isn’t clear “just how this predatory style differs from what the mob used to call a bust-out scheme,” as observed here last January. To lillustrate the parallels, listen to these classic Mafia characters describing their traditional business practices in plain language:

Via The Huffington Post

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Herschel Walker

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Herschel Walker is now suggesting the souls of Georgians are in the balance, and if they don’t elect him to the U.S Senate they will not even “have a chance to be redeemed,” a Christian religious belief about being delivered from sin by God. Walker is also suggesting his right-wing son, who turned against him this week after reports he paid for an abortion, is a member of “the left.”

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Rep. Mike Erickson

The Daily Beast reported on Monday that in 2009, Georgia Republican Senate nominee Herschel Walker allegedly paid for a woman he got pregnant to have an abortion.

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