Creative destruction?
The vast United Shoe Machinery Corp. plant in Beverly, Mass., was closed in 1989.
The One Day
“There are ways to get rich: Find an old corporation,
self-insured, with capital reserves. Borrow
to buy: Then dehire managers; yellow-slip maintenance;
pay public relations to explain how winter is summer….’’
From “The One Day,’’ by New Hampshire-based poet Donald Hall (1928-1918).