Bain Capitalism: A Time for Debate

Durban was headed back home to Illinois for a meeting with workers at the Sensata Technologies plant in Freeport, where 170 employees are slated to lose their jobs to outsourcing before the end of the year. Sensata, which for decades has produced state-of-the-art sensors and controls for Ford and General Motors, is precisely the sort of high-tech operation that a country looking to compete in the global economy of the twenty-first century would want to maintain as a domestic manufacturer. So why are the jobs moving to China?... Because Bain Capital owns the company, and Bain is committed to the industrial development of Chinese provinces—not to states like Illinois. That’s not what most Americans would identify as a smart choice for the nation’s future—let alone “economic patriotism.” But that is how Bain, which got its operating ethos from former CEO Mitt Romney, operates. Romney still profits mightily from his Bain connection—as The New York Times and numerous business journals have well documented—and he remains closely tied to current Bain executives. So if anyone could get Bain to rethink the outsourcing of the Sensata jobs, it’s Mitt Romney. Read more on the Nation

Wal Mart receives subsidies from our Governments

Susan Brannon This is an older video about the effects of allowing a Wal Mart store in your neighborhood. Not only does Wal Mart cause small family businesses to close down and thousands of "better" jobs lost that provided medical and pension care. But they encourage their poverty workers to take advantage of the governments hand outs so they can "survive"; thus causing extra spending of our own tax dollars in aid for those who even work full time. But wait! There's more! Wal Mart has received millions of dollars in subsidies from local and state governments to put in their stores, while the 43 year old business down the street receives nothing. So, what does Wal Mart do for America? (and I must say other large retail stores) extra spending of our tax dollars loss of better paying jobs in the communities keeping people in poverty discriminates against women causes small businesses to close down requests unpaid work time closes American factories because they buy from China more loss of jobs. The squandering of the American Dream (for the non-corporate owner, that is) So, let a new Wal Mart store come into your neighborhood today and receive all the benefits! Oh and remember, Corporations are there to make a profit and this is capitalism so if you are a small business owner, it is your tough luck!