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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Cogito who wrote (179020)1/10/2012 11:34:29 PM
From: Bread Upon The Water  Read Replies (1) | Respond to of 541851
 
According to the WSJ I think the bottom line was a net gain in jobs overall (for all of the Bain transactions), but that's what the creative destruction of capitalism is all about is it not?

The role of government in our system seeks to soften the blows of the capitalist engine by the use of various safety nets (unemployment insurance etc.)

I just don't get why we would fault a successful capitalist in a capitalist system for doing well what the system allows him to do.

But are you saying that because he used the system's rules successfully he would then get rid of the safety nets if he was head of the government? That he would see them as a hindrance?



To: Cogito who wrote (179020)1/11/2012 1:53:58 AM
From: bentway  Respond to of 541851
 
" I don't fault Romney for being a successful capitalist."

There are all kinds of ways to be a capitalist. Mitt chose to be a predator, that located and disassembled struggling companies for their assets.

Contrast that with say, Henry Ford, who chose to produce automobiles and employ thousands of Americans. He wanted to sell more cars, so he doubled his employees salaries so THEY could buy the Fords they made.

I know the kind of capitalist I admire.