How Jewish Private Equity Ownership Ruined Las Vegas

Executive Summary

  • This article covers how Jewish-controlled private equity has ruined Las Vegas.

Introduction

Jewish-controlled private equity firms have bought up a large percentage of casinos on the strip in Las Vegas. This has led to predictable outcomes.

The Decline of Private Equity-Owned Vegas

Here is a comment on this video.

Give Vegas back to the mob! At least they cared about consumers!

Here is a response

I live in Chicago and remember distinctly that the mob cares about nothing other than getting money, one way or the other. They made Chicago far worse than they made it better. Same is true for New York and NJ. Every business, including airlines cared about their customers and employees during the 70’s and 80’s. Corporate greed has made every business worse. We should be very careful about giving the mob credit for anything other than destruction and decay.

Has Jewish Private Equity Performed Better at Managing the Strip Casinos Versus the Mob?

It’s hard to dispute that the mob ran the casinos better. Under the mob, a better overall experience and value than private equity firms — and they were more competitive. See this article.

I think the problem is that all the properties on the strip are owned by just 2 corporations, which allows them to get away with too much. In the past, when the mafia ruled Vegas, every casino had to compete with each other for customers.

The current private equity-controlled Vegas would have to rank at the bottom of management history in Las Vegas. Remember the low-priced buffets and free parking during the mob times? Today, food is exorbitant, and parking at most strip hotels costs $25 or more. The casinos on the strip have been put on a skeleton crew to reduce costs to the bare minimum. This was not the case when the mob ran casinos. There were people there to provide you with customer service.

Mob Customer Service

A 1960s mob-run casino would score far higher in customer service than a modern private equity-managed casino. All of this cost the mob money, and they still did it. Apparently, the average mobster had much higher morals and a better ability to run a business than a modern person with a Harvard degree working for a private equity firm.

Jewish Parasitic Business Practices Gouging Customers on the Strip

The Question to Ask About Jewish Private Equity Controlled Vegas

Must the question be asked: if the mob is worse than the current private equity management of Vegas, then why does nearly anyone who remembers the old Vegas under the mob say it was much better for consumers? I had this exact discussion with a woman in Vegas 10 years ago — a lifelong Vegas local — who told me she thought Vegas was much better under the mob, which combined with the constant modern commentary about how much of a rip-off Vegas has become appears to contradict your claims, and that the mob did, in fact, care more about customers than present owners do. 10 years later, the value Las Vegas provides is far worse than it was then.

Private equity has a much worse history of ruining businesses than the mob. Who ruined Jo Anne’s Fabrics, Panera Bread, and Remington? Was that the mob? No, that was private equity. All of those disastrous takeovers were 100% legal. Did the mob have even close to the history of ruining businesses and increasing monopolization that private equity has accumulated?

Jewish Financial Control Cannot be Questioned?

It’s very important that Jews control the media because they need to run a cover story as to why what Jews do cannot be critiqued and is some type of racism. An example of this is found in the article Finance Codeword for Jew.

The idea that there’s something wrong—and Jewish—about finance has a long, ugly history that’s been making a comeback and distracting from necessary reforms of the financial industry.

Warren has devoted her career to fighting the disastrous regime of deregulation, tax cuts, and upward wealth redistribution that began in the 1980s, a background that makes her seem like an ideal candidate to fix the systemic issues in our economy that have caused the collapse of the middle class. Yet, one line in her article gave me pause:

“But far too often, the private equity firms are like vampires—bleeding the company dry and walking away enriched even as the company succumbs.”

Here, even Warren supporters such as myself should pause at what comes dangerously close to a sinister, conspiratorial trope. Language that compares bankers to parasites has long been a staple of anti-Semitic scapegoating and a way for demagogues to rile up their base.

Warren and others on the left should be applauded for their necessary critiques of the financial industry and bringing attention to dangerous policies like the deregulation of risky investment vehicles.

Well, the problem is that a huge percentage of the extractive financial industry, not only in the United States but internationally, is Jewish. If Elizabeth Warren were trying to be accurate rather than just politically correct and protecting her funding base, she would point out, actively, that Jews are a major problem in extractive finance.

But it’s necessary to step back and examine the roots of the left’s contempt for finance when that contempt extends beyond the specifics of policy and to the nature of the financial industry itself.

It’s difficult to see how this is true at all, and every example provided of financial entities that abuse their power and act as parasites is quite accurate. So why would anyone have to step back to point out exploitation and the abuse of power, because a high percentage of the people who are involved in this are Jewish, doesn’t really make any sense, unless, of course, you’re Jewish and you’re trying to protect people from getting this information.

The idea that finance is “vampiric,” that it feeds off of the honest productivity of hard workers to extract unmerited earnings, is a sentiment that has direct roots in a long history of anti-Semitism.

The reason for this long history of Jews being vampiric is that historically, Jews have been vampiric. Calling this anti-Semitic doesn’t change what the facts of the matter are. Of course, in order to continue to act in a vampiric fashion, one cannot have their victims know that they’re going to do this. So essentially, these types of articles have to say that the entire history of Jews being vampiric needs to be covered up so that the Jews can continue to act in a vampiric fashion. The financialization of the US economy has continued to increase, and this has happened as Jews have become more powerful in the US than ever. The rise of Jewish wealth has been the highest in US history. All of this wealth has not come from simply adding value to the economy.

The greater issue facing the U.S. is not anything intrinsic to the nature of finance, but the overfinancialization of our economy—the rampant deregulation of financial products coupled with the primacy our businesses give to shareholders and incentives to do so that Congress has written into our tax code for the past several decades. But as a Jew, I am aware of the dangers in conflating a call for structural reforms of our government and economy with the moral demonization of the financial industry’s intrinsic nature.

Yes, well, Jews were instrumental in changing the regulation so that this would occur. It is simply impossible to make the claim that this was not either led by Jews or highly influenced by Jews.

Conclusion

The downfall of Las Vegas is completely predictable because the way that these modern casinos are managed is an absolute prototype of how Jews manage businesses. There has been historical criticism, and shame foisted onto Las Vegas because for a portion of its history, a number of its casinos were mob-controlled and or partially mob-owned. However, these disreputable mobsters managed their casinos in a much more ethical fashion than the modern-day Jewish private equity executives.

We have a clear before and after here, which is a Las Vegas that had no Jewish ownership or very low Jewish ownership of casinos on the Strip, and then the modern era, where we have a very high percentage of the casinos on the Strip that are owned by Jews. And the outcome under mob-run rules has been far superior and far more ethical than when Jewish private equity firms have run these casinos. However, while it’s considered totally acceptable to critique the era of mob-run casinos as being corrupt, it is completely censored to make any critique of the modern Jewish/private equity-run casinos.

This article is not an endorsement of organized crime. I oppose organized crime — but when our modern legalized entities like private equity cannot outperform the mob in either outcomes or restricting greed, what does that say about our respectability and effectiveness of modern entities? If private equity can’t outperform the mob, then why is the mob illegal and stamped out, while private equity is legal and promoted?

Here is a different view on the topic.