Conversation

My bride Lyricdancer shared an article on FB about the closure of most of JoAnn Fabrics' stores, mentioning "corporate raiders." My MAGA cousin replied: "Who are these alleged corporate raiders? 🤷🏻" Here's Lyricdancer's response, which I consider 🔥💯👍:

"Venture capitalists from private equity firms. They gain control of a valuable and usually popular company and 'reorganize' allegedly to make it more profitable. They stop carrying stock, there are fewer people there to help you, and soon stores begin to close. Goodbye Toys R Us, Bed bath & Beyond, Sears, KMart... We noticed one of our favorite breakfast places, a chain called Shari's started going downhill. They couldn't serve everything on the menu because they couldn't order food- I mean things like hamburger buns. Our waitress was also doing the dishes; none of the usual staff was there. It closed about a week later: all their stores- because an unethical group of people chose money over people. They take the valuable assets out of the business and the business limps along until it closes. Our current governmental takeover under the guise of 'running it like a business' is an example that you can watch. (Businesses MAKE MONEY for their shareholders. Who are the shareholders?) Putin is one of the wealthiest men in the world because he took the wealth of Russia for himself and his cronies, the Russian oligarchs. Our American lands will be liquidated, our protective institutions and the services that make our lives liveable will be decimated. At the end of these four years, America will look like Shari's or Joann's: not enough to go around, dirty and disheveled, not enough staff to keep up."