In this new version of an old myth, the rich are the job creators; give more money to the rich, and there will be more jobs. The irony was that the author of this book, like the presidential candidate whom he supported, was from a private-equity firm with a well-established business model that involved taking over companies, piling on debt, “restructuring” by firing large number of workers, and selling out one’s stake (it was hoped) before the firm subsequently went bankrupt. There were, of course, real innovators in the economy, and they did create jobs; but even the firm that had become
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