Sunday, June 17, 2018

It's a Hard Reign Gonna Fall

I listen to a podcast called, “In Our Time,” from the BBC. It features an eclectic, maybe even random, assortment of topics. They have had experts on to discuss protons and enzymes (two different shows) and the Civil War (both American and British.) The one I’m listening to now is called The Emancipation of the Serfs.” In 1861, Czar Alexander freed the serfs. That was two years before the USA, aka, Land of Liberty, freed the slaves. But, and it’s a but so big Sir Mix-a-Lot would date it, having freed them, he did nothing to allow them to make a living. The aristocrats continued to exploit them and in 1917 the population was desperate enough to bring their whole society crashing down. Probably, it’s a stretch to think that anything about private equity firms looting stores and throwing people out on the street could lead to a cataclysm, but when you watch the news, don’t we seem to already be, if not post, at least in a mid-apocalyptic period?
https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/

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