Vulture capitalism
From Mises Wiki, the global repository of classical-liberal thought
Vulture capitalism is an investment strategy of buying shares in companies that are failing, in hopes of making a profit by dissolving the firm and selling the assets. This frees up those assets for more productive uses. Presumably, there was a relatively high demand for the company's resources to be employed in uses other than what the company was using them for, so wealth is created by this transaction.[citation needed]
Links
- German Labor Unions Suffer From Workaphobia by Tim Swanson, May 2005