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evilminji · 8 months

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Okay, as I have mentioned, I'm Ace AF. And you know that plot line in kids cartoons where the alien or foreign Warrior Royalty just sort of *violently kicks down door in full armor* "We Will Marry."? I?? Always said:

"Sure!" (#OhThankFUCK!)

Like what do you mean "No"? The powerful, attractive, monarch that is very into you has travel a great distance JUST to marry you! Now you don't have to date! They seem nice! You can skip the whole "trying to find a life partner" awkwardness.

So, Sudden New Fiancee(tm) how we doing this? Blended customs? Two weddings? One in your peoples traditions, one in mine? Should we invite your family? Tell me more about yourself.

God, this solves just... SO MUCH for me? No having to make small talk. No "do they like me?" Or "am I reading the signs here right?" No failed dates! It's positively ideal! AND they announced why they were qualified, in a VERY impressive show of power and prestige, when they arrived! Good lineage AND accomplished!! Very nice.

Don't get why everyone's so upset.

Sure the "we leave at once" thing that usually follows would have to be discussed, but that's what you DO as spouses. Really guys, it's like you think I'm incapable of common sense here.

And you know who probably agrees with me? Damian Wayne.

Hell is other people, INDEED. You expect him to just... randomly go up to people and try Courting them? What do you MEAN it's "creepy" to compile portfolios on eligible individuals of worthy bloodlines? How ELSE is he supposed to know if they are worth attempting to talk too?!

There are BILLIONS of humans on this gods forsaken rock, Richard! Is he supposed to just GUESS? Gamble and hope for LUCK? This is a MARRIAGE not a "best friends club"!

Then? Danny showes up.

Gotham heard her baby talking. Heard her KING being harassed by clearly plotting Observants and power hungry ghosts MANY times his age. Connected some dots. Formed themselves a new OTP.

Danny says "Fuck It". Worst he can say is No. According to Gotham, he is neither Shy not the meek obedient sort. Is in fact, VERY stabby. So if he's not interested he'll no doubt be BRUTALLY clear about that.

So? Danny gets Fright Knight. Go get him a horse. Someone fetch Cujo some armor. He's been told the guy like weapons and animals.

TIME TO BE IMPRESSIVE.

He goes FULL Regalia. Armor of solid night sky. Cape of frost and stardust. Crown like crack in reality itself, through which the cosmos gleam and shift. He gets a horse from the far frozen. They're wooly and carnivorous. Gets THE most impressive sword he can find to wear.

It's gonna be a gift, since he doesn't need it.

He does the whole "rend the skies open" thing. Fan fair and knights. Every title he's ever been given, no matter how embarrassing he find them in reality. And announces his intentions. Declares that ONLY Damian Wayne, aka. Robin, is WORTHY to Marry Him. And (in the traditional Ghost proposal of "either accept or tell me to fuck off" /w violence) Demands Damian accept his offer of Marriage.

Right there.

IN THE WATCHTOWER.

In front of EVERYBODY. And yes, ESPECIALLY the Bats. Who are making glitching, vaguely threatening DEMONIC NOISES. Because? You... you THREATEN the BABY? Death. Ten thousand years DEATH.

People are :O ing and backing away from the visible heatwave of unadulterated FURY being put off by Batman. Danny is nano-second from every bone his ANCESTORS had being reduced to a fine paste.

Then? Damian consider him... considers the sword being thrust in his direction, still held aloft in a steady and armored hand... contemplates those titles for a second...

And goes: "Acceptable. Very well, but I have demands."

N..... Nani the FUCK? Says local Bat-Dad. No??? You are NOT GETTING MARRIED.

Try to stop him. He very obviously IS, according to Damian, the man brought him a kick ass sword and has a giant green dog. Is the king of an ENTIRE REALITY. Yes, he realizes he probably COULD do better... but frankly? This one's cute. But if it upset you so... extended engagement. There. Happy?

NO! Because the JLA Dark are LOSING THEIR SHIT. Damian is still UNDERAGE. We don't even know how OLD this being is! NO MARRIAGE.

Damian is unimpressed. A whole six months? That he's likely already LIVED thanks to various timeloops, temporal shenanigans, and reality warping bits of fuckery? You're reaching.

Just? Marriage Meet Cute.

@hdgnj @ailithnight @the-witchhunter @nerdpoe

#dpxdc #dp x dc #dc x dp #dcxdp #dc x dp prompt #marriage meet cute au #danny phantom #damian wayne #bruce may break his no killing rule #dick DEFINITELY about to break the no killing rule #tim is making out with Kon in a closet and misses most of this #good for him honestly

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ghostlynimbus · 1 year

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I keep being like, i'm going to make a nonhuman d&d character and then i make another human character

#i just like feats a lot okay #; A ;#i've been using the custom origin/custom lineage from TCoE too sometimes i gues #d&d #dnd #i should count how many human fighters i have at this point

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cannibalcaprine · 2 years

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custom lineage: Cynocephaly

humanoid, most notable feature being their doglike head

medium

30 feet

+2 dexterity

feat, alert:

you can't be surprised when unconscious

+5 bonus to initiative

unseen creatures don't gain an attack advantage

proficiency in survival

can speak common and sylvan

#dnd #Cynocephaly #custom lineage

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fatehbaz · 2 years

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you learn about a hummingbird species named “flame-throated sunangel” or “sparkling-tailed woodstar” or “purple-crowned fairy” or “shining sunbeam” or “sapphire-spangled emerald” or “amethyst-throated sungem” (these are all real hummingbirds). and you think “all the superlative descriptions of hummingbirds must be exaggerations”. then you learn that this hummingbird has like magnificent luminous aquamarine or sparkling-gold or iridescent flaming-orange feathers on its back, or glittering throat patches with mesmerizing color transitions from deep purple to vibrant pink. and maybe its maximum size is smaller than a bumblebee, with an adult weight of 0.09 ounces (this is a real hummingbird). maybe it hovers in-place in mid-air and can beat its wings at 200 beats per second (this is a real hummingbird). maybe multiple flower species have essential mutualistic relationships with the birds. maybe there is an entire lineage of so-called “flower mites”, tiny arachnids that use hummingbirds to travel between plants and can only feed on specific flower nectar pollinated by hummingbirds (this is real). or maybe the species lives only very high on the slopes of a single mountain where its beak is specially customized to feed on the nectar of a single flower species (real). and maybe there are two dozen or more species of hummingbirds which only live in small isolated pockets of high-elevation fog-shrouded cloud forests in very specific humid microhabitats in the misty and forested peaks of the tropical Andes or Mesoamerica. where every mountain range’s special combination of mist and fog and flowers and nectar creates a home for a unique bird. maybe they love sugar, just like me. and you’re like “this can’t be real”.

#ecology #landscape #multispecies

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astroismypassion · 2 months

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Astrology observations 🌸🌸🌸

Credit goes to @astroismypassion

🌸 Ruler of the 2nd house in the 4th house: your mother might have got you your job. You have a job because of her.

🌸 Moon in the 4th house natives can be connected to female lineage of the family, like talking to mother, grandmother, an aunt. But that only if it’s harmoniously aspected. Some Moon in the 4th house cut off their mother.

🌸 Ruler of the 5th house in the 9th house: you are more popular abroad than in your home country.

🌸 Saturn in the 4th house natives often feel stuck. They might not be able to move as fast-paced as their peers. If they move to an apartment, they usually stay there for 4-7, even 10 years despite wanting to move earlier than that.

🌸 Ruler of the 2nd house in the 5th house: you might creative something within your workplace that gets limelight (gets talked about in the news, papers)! Such as for example you may work at a Michelin star restaurant and you are creating a dish that gets talked about in the press.

🌸 I noticed Saturn in the 4th house can very well indicate that the native has lost the mother. But often times I see that the native had a “secondary” mother like figure that emotionally nurtured them and supported more than their own mother. Usually the nurturing didn’t come from the primary source.

🌸 Whenever I see Saturn in the 2nd house, it gives me “old money vibes”.

🌸 The ruler of the 4th house in the 2nd house people often keep money in their home. These are the people to have a fairly large amount laying somewhere in the middle of book pages.

🌸 If you have Virgo North Node or NN in the 6th house you are basically learning in this lifetime how to keep a job. Very mundane, I know, but it’s true😂.

🌸 People with ruler of the 7th house in the 5th house often rush marriage or marry the person without really fully knowing them, for example after a year.

🌸 Juno in the 7th house native tend to work with their spouse, committed partner. Or finds a job due to an opportunity introduced by the partner. Usually is also a line of work connected with Venus, such as working together in a restaurant for example.

🌸 I noticed Pisces Moon men tend to be “the seductive con-artist” when it comes to luring a person into a partnership. And while this is often true, they also attract partners that see in them whoever they want to see. Usually how the partner of Pisces Moon sees them feels almost delusional in comparison how other people see the Pisces Moon native.

🌸 Venus in the 2nd house Synastry: 2nd house person might constantly compliment your outfit, even if you are not in a partnership.

🌸 Part of Fortune in the 1st house often need new beginnings in order to be successful in their endeavours, projects. They need to reinvent how they do things. They also attract more abundant energy when they start and finish the same project in one sitting, so that they use put their natural inspiration to good use.

🌸 Taurus Venus is always stereotypically describe, because Taurus it’s in his home here, so it feels the energy is easy for these people. But for these people it easily backfires if they are being inconsistent. They can’t really play the “ohh he didn’t reply in 2 days, then I won’t reply for 4 days” modern dating games. They really need to be the ones reaching out, being consistent to win someone over. Which kind of sucks, I know, because they will feel like they are always the one reaching out, so I hear you.

🌸 Venus in the 8th house can hook up with someone and in the midst they realize this person is their soulmate or lover. I’m not gonna lie, this native may not know whether they fully accept unconditionally their lover until they actually get physical with them. Venus in the 8th house hides their love nature, so they might not even know themselves.

🌸 Venus in the 9th house people can meet their future spouse, committed partner through your father.

🌸 Capricorn Venus: you might get hit on by clients, customers at work.

🌸 Cancer Jupiter, Sagittarius Moon might want to get married young or be a parent while they still are young and look good.

🌸 Meanwhile, Venus in the 4th house and Taurus over the 4th house can meet their lover through their mother. Or the mother will try to set you up with someone. Venus in the 6th house can meet the partner through your or their aunt or uncle. Venus in the 3rd house can meet the partner through your or their sibling, cousin.

🌸 Ruler of the 12th house in the 1st house: these natives can be perceived as passive. So that’s why people feel like they can control them. Another thing about this ruler not amount of drinking caffeine will help you in rising your energy. You are naturally low energy. You might also be more successful abroad.

🌸 Ruler of the 3rd house in the 2nd house people are often teachers, because it quite literally indicates speaking for a living. Also, you guys are great at voiceovers!!

🌸 Venus in the 10th house might have a partner in the same field, profession, for example both lawyers.

🌸 Ruler of the 7th house in the 6th house: your future spouse, partner could drive you to work and pick you from work as well.

🌸 The courting phase will be veryy long if you have ruler of the 7th house in the 5th house.

🌸 Mercury in the 5th house like variety when it comes to dating, because they get easily bored. However, I noticed they have a set preference for what type of dates they enjoy. They might always want to go for a coffee date, wine and dine date or hike date. Something about their dates tends to be still repetitive despite needing variety.

🌸 Mars in the 9th house rarely have a good relationship with their father. But if they do, the father was very strict with them wanting them to learn how to be successful, but kinda doing it in a domineering manner.

Credit goes to @astroismypassion

#astrology #astroismypassion #astro notes #astroblr #astro community #astro note #astro observations #natal chart #astrology blog #chart reading

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emmeline-jade · 19 days

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i am against the sex industry as a whole. Women in my country are kidnapped in first grade, sold to brothels. Generation of uneducated women impregnated by their "customers" with no way to get an abortion have to watch their 14 year old daughters get pimped for survival. Lineage of grandmothers, mothers, and daughters selling themselves out of necessity. Drugged up girls and women beaten and raped in brothels, starved if they refuse "customers". Women and girls in brothels not getting any money. Women and girls all across the world sold, beaten, raped, killed, and forced to humiliate themselves for males. I do not care for the handful millionaires of onlyfans. I dont care about the privileged women who do onlyfans. I care for the forgotten women. The tortured women.

#radical feminist safe #trans exclusionary radical feminist #terfsafe #radblr #radfem #radical feminism

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mostlysignssomeportents · 1 year

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The long, bloody lineage of private equity's looting

Tomorrow (June 3) at 1:30PM, I’m in Edinburgh for the Cymera Festival on a panel with Nina Allen and Ian McDonald.

Monday (June 5) at 7:15PM, I’m in London at the British Library with my novel Red Team Blues, hosted by Baroness Martha Lane Fox.

Fans of the Sopranos will remember the “bust out” as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the lives of the business’s workers, customers and suppliers. When the mafia does this, we call it a bust out; when Wall Street does it, we call it “private equity.”

It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency. When a finance bro’s presentation on why Olive Garden needed to be re-orged when viral, there was a lot off snickering about the decline of a tacky business whose value prop was unlimited carbs. But the bro was working for Starboard Value, a hedge fund that specialized in buhying out and killing off companies, pocketing billions while destroying profitable businesses.

https://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/

Starboard Value’s game was straightforward: buy a business, load it with debt, sell off its physical plant — the buildings it did business out of — pay itself, and then have the business lease back the buildings, bleeding out money until it collapsed. They pulled it with Red Lobster,and the point of the viral Olive Garden dis track was to soften up the company for its own bust out.

The bust out tactic wasn’t limited to mocking middlebrow family restaurants. For years, the crooks who ran these ops did a brisk trade in blaming the internet. Why did Sears tank? Everyone knows that the 19th century business was an antique, incapable of mounting a challenge in the age of e-commerce. That was a great smokescreen for an old-fashioned bust out that saw corporate looters make off with hundreds of millions, leaving behind empty storefronts and emptier pension accounts for the workers who built the wealth the looters stole:

https://prospect.org/economy/vulture-capitalism-killed-sears/

Same goes for Toys R Us: it wasn’t Amazon that killed the iconic toy retailer — it was the PE bosses who extracted $200m from the chain, then walked away, hands in pockets and whistling, while the businesses collapsed and the workers got zero severance:

https://www.washingtonpost.com/news/business/wp/2018/06/01/how-can-they-walk-away-with-millions-and-leave-workers-with-zero-toys-r-us-workers-say-they-deserve-severance/

It’s a good racket — for the racketeers. Private equity has grown from a finance sideshow to Wall Street’s apex predator, and it’s devouring the real economy through a string of audactious bust outs, each more consequential and depraved than the last.

As PE shows that it can turn profitable businesses gigantic windfalls, sticking the rest of us with the job of sorting out the smoking craters they leave behind, more and more investors are piling in. Today, the PE sector loves a rollup, which is when they buy several related businesses and merge them into one firm. The nominal business-case for a rollup is that the new, bigger firm is more “efficient.” In reality, a rollup’s strength is in eliminating competition. When all the pet groomers, or funeral homes, or urgent care clinics for ten miles share the same owner, they can raise prices, lower wages, and fuck over suppliers.

They can also borrow. A quirk of the credit markets is that a standalone small business is valued at about 3–5x its annual revenues. But if that business is part of a large firm, it is valued at 10–20x annual turnover. That means that when a private equity company rolls up a comedy club, ad agency or water bottler (all businesses presently experiencing PE rollup), with $1m in annual revenues, it shows up on the PE company’s balance sheet as an asset worth $10–20m. That’s $10–20m worth of collateral the PE fund can stake for loans that let it buy and roll up more small businesses.

2.9 million Boomer-owned businesses, employing 32m people, are expected to sell in the next couple years as their owners retire. Most of these businesses will sell to PE firms, who can afford to pay more for them as a prelude to a bust out than anyone intending to operate them as a productive business could ever pay:

https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken

PE’s most ghastly impact is felt in the health care sector. Whole towns’ worth of emergency rooms, family practices, labs and other health firms have been scooped up by PE, which has spent more than $1t since 2012 on health acquisitions:

https://pluralistic.net/2022/11/17/the-doctor-will-fleece-you-now/#pe-in-full-effect

Once a health care company is owned by PE, it is significantly more likely to commit medicare fraud. It also cuts wages and staffing for doctors and nurses. PE-owned facilities do more unnecessary and often dangerous procedures. Appointments get shorter. The companies get embroiled in kickback scandals. PE-backed dentists hack away at children’s mouths, filling them full of root-canals.

https://pluralistic.net/2022/11/17/the-doctor-will-fleece-you-now/#pe-in-full-effect

The Healthcare Private Equity Association boasts that its members are poised to spend more than $3t to create “the future of healthcare.”

https://hcpea.org/#!event-list

As bad as PE is for healthcare, it’s worse for long-term care. PE-owned nursing homes are charnel houses, and there’s a particularly nasty PE scam where elderly patients are tricked into signing up for palliative care, which is never delivered (and isn’t needed, because the patients aren’t dying!). These fake “hospices” get huge payouts from medicare — and the patient is made permanently ineligible for future medicare, because they are recorded being in their final decline:

https://pluralistic.net/2023/04/26/death-panels/#what-the-heck-is-going-on-with-CMS

Every part of the health care sector is being busted out by PE. Another ugly PE trick, the “club deal,” is devouring the medical supply business. Club deals were huge in the 2000s, destroying rent-controlled housing, energy companies, Mervyn’s department stores, Harrah’s, and Old Country Joe. Now it’s doing the same to medical supplies:

https://pluralistic.net/2021/05/14/billionaire-class-solidarity/#club-deals

Private equity is behind the mass rollup of single-family homes across America. Wall Street landlords are the worst landlords in America, who load up your rent with junk fees, leave your home in a state of dangerous disrepair, and evict you at the drop of a hat:

https://pluralistic.net/2021/08/16/die-miete-ist-zu-hoch/#assets-v-human-rights

As these houses decay through neglect, private equity makes a bundle from tenants and even more borrowing against the houses. In a few short years, much of America’s desperately undersupplied housing stock will be beyond repair. It’s a bust out.

You know all those exploding trains filled with dangerous chemicals that poison entire towns? Private equity bust outs:

https://pluralistic.net/2022/02/04/up-your-nose/#rail-barons

Where did PE come from? How can these people look themselves in the mirror? Why do we let them get away with it? How do we stop them?

Today in The American Prospect, Maureen Tkacik reviews two new books that try to answer all four of these questions, but really only manage to answer the first three:

https://prospect.org/culture/books/2023-06-02-days-of-plunder-morgenson-rosner-ballou-review/

The first of these books is These Are the Plunderers: How Private Equity Runs — and Wrecks — America by Gretchen Morgenson and Joshua Rosner:

https://www.simonandschuster.com/books/These-Are-the-Plunderers/Gretchen-Morgenson/9781982191283

The second is Plunder: Private Equity’s Plan to Pillage America, by Brendan Ballou:

https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/

Both books describe the bust out from the inside. For example, PetSmart — looted for $30 billion by RaymondSvider and his PE fund BC Partners — is a slaughterhouse for animals. The company systematically neglects animals — failing to pay workers to come in and feed them, say, or refusing to provide backup power to run during power outages, letting animals freeze or roast to death. Though PetSmart has its own vet clinics, the company doesn’t want to pay its vets to nurse the animals it damages, so it denies them care. But the company is also too cheap to euthanize those animals, so it lets them starve to death. PetSmart is also too cheap to cremate the animals, so its traumatized staff are ordered to smuggle the dead, rotting animals into random dumpsters.

All this happened while PetSmart’s sales increased by 60%, matched by growth in the company’s gross margins. All that money went to the bust out.

https://www.forbes.com/sites/antoinegara/2021/09/27/the-30-billion-kitty-meet-the-investor-who-made-a-fortune-on-pet-food/

Tkacik says these books show that we’re finally getting wise to PE. Back in the Clinton years, the PE critique painted the perps as sharp operators who reduced quality and jacked up prices. Today, books like these paint these “investors” as the monsters they are — crooks whose bust ups are crimes, not clever finance hacks.

Take the Carlyle Group, which pioneered nursing home rollups. As Carlyle slashed wages, its workers suffered — but its elderly patients suffered more. Thousands of Carlyle “customers” died of “dehydration, gangrenous bedsores, and preventable falls” in the pre-covid years.

https://www.washingtonpost.com/business/economy/opioid-overdoses-bedsores-and-broken-bones-what-happened-when-a-private-equity-firm-sought-profits-in-caring-for-societys-most-vulnerable/2018/11/25/09089a4a-ed14-11e8-baac-2a674e91502b_story.html

KKR, another PE monster, bought a second-hand chain of homes for mentally disabled adults from another PE company, then squeezed it for the last drops of blood left in the corpse. KKR cut wages to $8/hour and increased shifts to 36 hours, then threatened to have workers who went home early arrested and charged with “patient abandonment.” Many of these homes were often left with no staff at all, with patients left to starve and stew in their own waste.

PE loves to pick on people who can’t fight back: kids, sick people, disabled people, old people. No surprise, then, that PE loves prisons — the ultimate captive audience. HIG Capital is a $55b fund that owns TKC Holdings, who got the contract to feed the prisoners at 400 institutions. They got the contract after the prisons fired Aramark, owned by PE giant Warburg Pincus, whose food was so inedible that it provoked riots. TKC got a million bucks extra to take over the food at Michigan’s Kinross Correctional Facility, then, incredibly, made the food worse. A chef who refused to serve 100 bags of rotten potatoes (“the most disgusting thing I’ve seen in my life”) was fired:

https://www.wzzm13.com/article/news/local/michigan/prison-food-worker-i-was-fired-for-refusing-to-serve-rotten-potatoes/69-467297770

TKC doesn’t just operate prison kitchens — it operates prison commissaries, where it gouges prisoners on junk food to replace the inedible slop it serves in the cafeteria. The prisoners buy this food with money they make working in the prison workshops, for $0.10–0.25/hour. Those workshops are also run by TKC.

Tkacic traces private equity back to the “corporate raiders” of the 1950s and 1960s, who “stealthily borrowed money to buy up enough shares in a small or midsized company to control its biggest bloc of votes, then force a stock swap and install himself as CEO.”

The most famous of these raiders was Eli Black, who took over United Fruit with this gambit — a company that had a long association with the CIA, who had obligingly toppled democratically elected governments and installed dictators friendly to United’s interests (this is where the term “banana republic” comes from).

Eli Black’s son is Leon Black, a notorious PE predator. Leon Black got his start working for the junk-bonds kingpin Michael Milken, optimizing Milken’s operation, which was the most terrifying bust out machine of its day, buying, debt-loading and wrecking a string of beloved American businesses. Milken bought 2,000 companies and put 200 of them through bankruptcy, leaving the survivors in a brittle, weakened state.

It got so bad that the Business Roundtable complained about the practice to Congress, calling Milken, Black, et al, “a small group is systematically extracting the equity from corporations and replacing it with debt, and incidentally accumulating major wealth.”

Black stabbed Milken in the back and tanked his business, then set out on his own. Among the businesses he destroyed was Samsonite, “a bankrupt-but-healthy company he subjected to 12 humiliating years of repeated fee extractions, debt-funded dividend payments, brutal plant closings, and hideous schemes to induce employees to buy its worthless stock.”

The money to buy Samsonite — and many other businesses — came through a shadowy deal between Black and John Garamendi, then a California insurance commissioner, now a California congressman. Garamendi helped Black buy a $6b portfolio of junk bonds from an insurance company in a wildly shady deal. Garamendi wrote down the bonds by $3.9b, stealing money “from innocent people who needed the money to pay for loved ones’ funerals, irreparable injuries, etc.”

Black ended up getting all kinds of favors from powerful politicians — including former Connecticut governor John Rowland and Donald Trump. He also wired $188m to Jeffrey Epstein for reasons that remain opaque.

Black’s shady deals are a marked contrast with the exalted political circles he travels in. Despite private equity’s obviously shady conduct, it is the preferred partner for cities and states, who buy everything from ambulance services to infrastructure from PE-owned companies, with disastrous results. Federal agencies turn a blind eye to their ripoffs, or even abet them. 38 state houses passed legislation immunizing nursing homes from liability during the start of the covid crisis.

PE barons are shameless about presenting themselves as upstanding cits, unfairly maligned. When Obama made an empty promise to tax billionaires in 2010, Blackstone founder SteveS chwarzman declared, “It’s a war. It’s like when Hitler invaded Poland in 1939.”

Since we’re on the subject of Hitler, this is a good spot to bring up Monowitz, a private-sector satellite of Auschwitz operated by IG Farben as a slave labor camp to make rubber and other materiel it supplied at a substantial markup to the wermacht. I’d never heard of Monowitz, but Tkacik’s description of the camp is chilling, even in comparison to Auschwitz itself.

Farben used slave laborers from Auschwitz to work at its rubber plant, but was frustrated by the logistics of moving those slaves down the 4.5m stretch of road to the facility. So the company bought 25,000 slaves — preferring children, who were cheaper — and installed them in a co-located death-camp called Monowitz:

https://www.commentary.org/articles/r-tannenbaum/the-devils-chemists-by-josiah-e-dubois-jr/

Monowitz was — incredibly — worse than Auschwitz. It was so bad, the SS guards who worked at it complained to Berlin about the conditions. The SS demanded more hospitals for the workers who dropped from beatings and overwork — Farben refused, citing the cost. The factory never produced a steady supply of rubber, but thanks to its gouging and the brutal treatment of its slaves, the camp was still profitable and returned large dividends to Farben’s investors.

Apologists for slavery sometimes claim that slavers are at least incentivized to maintain the health of their captive workforce. This was definitely not true of Farben. Monowitz slaves died on average after three months in the camp. And Farben’s subsidiary, Degesch, made the special Zyklon B formulation used in Auschwitz’s gas chambers.

Tkacik’s point is that the Nazis killed for ideology and were unimaginably cruel. Farben killed for money — and they were even worse. The banality of evil gets even more banal when it’s done in service to maximizing shareholder value.

As Farben historian Joseph Borkin wrote, the company “reduced slave labor to a consumable raw material, a human ore from which the mineral of life was systematically extracted”:

https://www.scribd.com/document/517797736/The-Crime-and-Punishment-of-I-G-Farben

Farben’s connection to the Nazis was a the subject of Germany’s Master Plan: The Story of Industrial Offensive, a 1943 bestseller by Borkin, who was also an antitrust lawyer. It described how Farben had manipulated global commodities markets in order to create shortages that “guaranteed Hitler’s early victories.”

Master Plan became a rallying point in the movement to shatter corporate power. But large US firms like Dow Chemical and Standard Oil waged war on the book, demanding that it be retracted. Borkin was forced into resignation and obscurity in 1945.

Meanwhile, in Nuremberg, 24 Farben executives were tried for their war crimes, and they cited their obligations to their shareholders in their defense. All but five were acquitted on this basis.

Seen in that light, the plunderers of today’s PE firms are part of a long and dishonorable tradition, one that puts profit ahead of every other priority or consideration. It’s a defense that wowed the judges at Nuremberg, so should we be surprised that it still plays in 2023?

Tkacik is frustrated that neither of these books have much to offer by way of solutions, but she understands why that would be. After all, if we can’t even close the carried interest tax loophole, how can we hope to do anything meaningful?

“Carried interest” comes up in every election cycle. Most of us assume it has something to do with “interest payments,” but that’s not true. The carried interest loophole relates to the “interest” that 16th-century sea captains had in their cargo. It’s a 600-year-old tax loophole that private equity bosses use to pay little or no tax on their billions. The fact that it’s still on the books tells you everything you need to know about whether our political class wants to do anything about PE’s plundering.

Notwithstanding Tkacik’s (entirely justified) skepticism of the weaksauce remedies proposed in these books, there is some hope of meaningful action. Private equity’s rollups are only possible because they skate under the $101m threshold for merger scrutiny. However, there is good — but unenforced — law that allows antitrust enforcers to block these mergers. This is the “incipiency standard” — Sec 7 of the Clayton Act — the idea that a relatively small merger might not be big enough to trigger enforcement action on its own, but regulators can still act to block it if it creates an incipient monopoly.

https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken

The US has a new crop of aggressive — fearless — top antitrust enforcers and they’ve been systematically reviving these old laws to go after monopolies.

That’s long overdue. Markets are machines for eroding our moral values: “In comparison to non-market decisions, moral standards are significantly lower if people participate in markets.”

https://web.archive.org/web/20130607154129/https://www.uni-bonn.de/Press-releases/markets-erode-moral-values

The crimes that monsters commit in the name of ideology pale in comparison to the crimes the wealthy commit for money.

Catch me on tour with Red Team Blues in Edinburgh, London, and Berlin!

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/06/02/plunderers/#farbenizers

[Image ID: An overgrown graveyard, rendered in silver nitrate monochrome. A green-tinted businessman with a moneybag in place of a head looms up from behind a gravestone. The right side of the image is spattered in blood.]

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