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> I could spend half an hour on this but "neoliberal capitalism" means I have other stuff to do right now, so... I wish you would. I agree with your complaint

• bsder 9y ago
  Well, I don't know anything about "neoliberal capitalism", but the big problem with the raiders in the 80's and 90's is that they were all about "maximum efficiency" of money. The problem is that "maximally efficient" is "minimally robust". Sure, you can buy that big company and section it into parts. That generally leaves you with 1 or 2 very profitable sections that are what you wanted. That also kills 10 bad sections that deserve to be killed. The problem is that you also kill a small number of sections that look like they are treading water. These are the sections that produce your next product or that save your company when the main products suddenly die for some reason. And, unfortunately, nobody can tell which of these is going to be successful and which are going to die a priori. Killing these sections is destroying the future in order to produce an extra couple of percentage points of profit in the present.