How Sears Was Gutted By Its Own CEO

via How Sears Was Gutted By Its Own CEO

This is capitalism in the 21st Century. Don’t let them kid you about “we give tax breaks to corporations, they’ll invest in new equipment and hire more people, and that will stimulate the economy.” Lampert, a disciple of Ayn Rand, burdened Sears with debt-to his company-and sold off portions of this iconic store chain (I remember the Sears catalog as a kid) , its labels Die-Hard, Kenmore, Craftsman tools-all gone now; and Lampert also sells Sears stores, putting people out of work, lining his already billion-dollar pockets.Capitalism is too serious a business to be left to the capitalists. Remember this, along with the trillion-dollar tax cuts the Republican leadership rammed through CONgress last year.

Advertisements

Leave a Reply