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Bernardo de La Paz

(49,002 posts)
5. No. A kleptocracy or kakistocracy.
Thu Aug 23, 2018, 11:53 PM
Aug 2018

Decently run corporations don't run into bankruptcy and/or fall to pieces.

unblock

(52,229 posts)
6. A lot of private companies are little better than this
Fri Aug 24, 2018, 12:07 AM
Aug 2018

Public companies get audited and scrutinized, they tend to play by the rules.

But non-public companies, particularly family-run? There's often a very blurry line between business and personal money....

ProfessorGAC

(65,042 posts)
9. This!
Fri Aug 24, 2018, 06:52 AM
Aug 2018

There are likely many privately held, family operated, companies that still run as if they were a mom & pop, and the inherent inefficiencies of neoptistic hiring lead them to cut corners and engage in questionable practices to achieve the profit potential they believe they deserve.

Can't get away with that given the scrutiny applied in a publicly traded company.

VOX

(22,976 posts)
10. MAJOR PRIVATIZATION FAIL.
Fri Aug 24, 2018, 06:57 AM
Aug 2018

No more "business people" or billionaires heading our government. The U.S. should not be for sale, as much as the assholes on the right want to unload it, just to get even fatter.

Fresh_Start

(11,330 posts)
11. trump and his corrupt cabinet...is the best argument against having a businessman in charge
Fri Aug 24, 2018, 08:50 AM
Aug 2018

of the country.

They are without a doubt all corrupt and self-serving....which no doubt served them well in corporate life but not so well in public life.

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