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2 days agoWhat happened here is Del Monte was sold in a leveraged buyout to the son of Ferdinand Marcos’s money launderer. When the dictatorship collapsed the guy who was in charge of the shell companies and Swiss bank accounts and keeping track of the shrink wrapped pallets of $100s buried in the jungle just kept it all, and became a private equity fund. (typical private equity origin story)
He bought Del Monte with debt and then transferred all the debt to Del Monte once he owned it, then his creditors who are in on it resold the debt to retail investors and pension funds as AAA recession-proof revenue from a 100 year old canned food company, and now he has Del Monte declare bankruptcy to fuck them.
digging through all the uncited quotations to get to Hitler’s Rival which is citing Der Weg in die Katastrophe, but that doesn’t say February it says May 31, what Thalmann said was
“Schließlich gab es in bet letzten Zeit an der Peripherie der Partei besonders in be- stimmten Schichten der Erwerbslosen eine solche Auffassung, Hitler müsse erst an die Macht, dann würden die Voraussetzungen zur revolutionären Krise beschleunigt heranreifen. Aber, Ge- nossen, man darf nicht spielen mit dem offenen Faschismus. Wir müssen unsere ganze revolutionäre Kraft einsetzen, um bie offene Machtübernahme der Nationalsozialisten durch unsere Antifaschi- stische Aktion zu verhindern.”
“After all, there has recently been a perception on the periphery of the party, especially among certain sections of the unemployed, that Hitler must first come to power, then the conditions for a revolutionary crisis would ripen more quickly. But, comrades, we must not play with open fascism. We must use all our revolutionary strength to prevent the National Socialists from openly seizing power through our Anti-Fascist Action.”