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View Diary: Bob The Businessman: An American Success Story (5 comments)

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  •  I think Bob's initial capital raising (1+ / 0-)
    Recommended by:
    Larsstephens

    was likely a violation of the Securities Act of 1933 and wouldn't qualify under the Regulation D exemption. So Bob was off to a bad start right from the beginning. That was the first of about a half dozen illegal acts in your example.

    "let's talk about that"

    by VClib on Wed Feb 27, 2013 at 06:43:21 PM PST

    •  Of course (0+ / 0-)

      but you get the points I am making here.  Our current system is driving out the businesses that want to do right by their customers, employees, shareholders, communities, country, etc.  

      I don't blame the businesses, they are doing what they are allowed by law, and this forces competitors to do the same.

      I blame the corruption in the politics -- and the people causing it. In other words, don't blame Walmart the company for the way they "act" (companies don't act, people do.)  If Walmart "behaved' better then Target would take over top spot and we'd be complaining about Target instead. Etc.  

      But the Walmart family's use of money to corrupt our politics should have been and must be stopped. Same with Koch, and the rest of those corrupting the system.  Honest businesspeople are placed in a terrible bind by our current system.

      --
      Seeing The Forest -- Who is our economy FOR, anyway? Twitter: @dcjohnson

      by davej on Wed Feb 27, 2013 at 07:15:14 PM PST

      [ Parent ]

      •  davej "allowed by law"? (0+ / 0-)

        Not in your example which is rampant with criminal violations base on current statutes.

        "let's talk about that"

        by VClib on Wed Feb 27, 2013 at 07:23:23 PM PST

        [ Parent ]

        •  My example (0+ / 0-)

          is just a fable.

          "This fable in no way is meant to make you think about the way that modern American corporations and the current American political system operates."

          If you recognized the practices of any businesses you know, that's a coincidence.

          --
          Seeing The Forest -- Who is our economy FOR, anyway? Twitter: @dcjohnson

          by davej on Wed Feb 27, 2013 at 08:43:23 PM PST

          [ Parent ]

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