Albums Quote by Rick Perry
![“I know the difference between venture capital[ism] and vulture capitalism. Venture capitalism is a good thing, comes in, gives that gap funding to help these companies get off and get started creating jobs, and work. But Mitt Romney and Bain Capital were involved with what I call vulture…” quote by Rick Perry](https://sms4smile.com/quotes/img-quotes/727/rick-perry-1638_albums_i-know-the-difference-between-venture-ca_1102121.jpg)
“I know the difference between venture capital[ism] and vulture capitalism. Venture capitalism is a good thing, comes in, gives that gap funding to help these companies get off and get started creating jobs, and work. But Mitt Romney and Bain Capital were involved with what I call vulture capitalism. And they walked into Gaffney and took over that photo album company for no other reason than to basically pick the bones clean. And those people lost their jobs.”
About This Quote
Source Speech: 2012 Republican National Convention, 2012
Venture capital funds growth; vulture capitalism exploits distressed assets for profit, harming workers.
In simple terms: Good capital builds jobs; bad capital destroys them.
Key Takeaway
Support responsible investment.
Themes
investment
ethics
employment
capitalism
Mood
critical
concerned
Type
analytical
political
When to use this quote
- startup funding
- turnaround management
- job creation
- asset acquisition
Key Concepts
private equity
market dynamics
corporate governance
Practical Applications
- Vulture capitalism can also revive failing companies if managed ethically.
Questions to Reflect On
- What safeguards protect workers?
A Different Perspective
How can we differentiate beneficial from harmful investment?
