A short but inciteful little piece on “vulture capitalism.”
People use the term vulture capitalist as an epithet, but that is an entirely inaccurate and unfair characterization.
In nature, the vulture performs a nasty, but absolutely vital function, cleaning up the fallen and eliminating disease vectors, thus keeping the entire natural community around it healthy and prosperous.
So to does the vulture capitalist. He tears apart the carcass of the fallen or falling and recycles the remnants to better use, thus ultimately benefiting the greater community.
Sears was going to die from its own malaise and mistakes. It had long since passed the point of no return. Keeping the corpse breathing on a debt ridden and failing retailer would have helped nobody in the long term. Terminating Sears and recycling its healthy and nutritious remnants, such as Craftsman, Kenmore and other products lines that can survive given new homes. Its considerable property holdings can certainly be put to better uses that will ultimately benefit the surrounding communities.
So called vulture capitalists are a positive good, by cleaning the economic landscape of dead and rotting corpses and recycling land and capital to better use.