Dick Smith Is the Greatest Private Equity Heist of All Time
Why is this shit still legal?I mean, for basic goods, there are laws against false advertising and selling defective goods (lemon laws in the US).But at this level, these bastards can put a fresh coat of paint on a rust bucket and sell it as a Ferrari... and get away with it? Infuriating.On a personal level... When I was growing up, it was goldmine of electronic components, DIY kits, etc. I visited a Dick Smith a few years ago and it was terribly disappointing... computers, televisions, phones. The DIY stuff that was a makers dream was gone. I believe a parallel in the US is what happened to RadioShack.