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Last Thursday it was Carlyle Capital’s turn to go belly-up, a corporation that has George Bush and John Major on its board and has done very well out of the Iraq war. It is a private equity company - firms that borrow other people’s money in order to take over other firms and loot their assets. Under capitalism firms do eat each other. Now it can be argued that, without jackals, the veld would be full of wildebeests that had died. Jackals keep the place tidy. But you wouldn’t really praise jackals as wealth creators.