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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (122004)	9/29/2012 2:03:54 PM
From: tejek	Read Replies (1) \| Respond to of 149317

> In my book, capitalism needs to be constructive......... And that's why we honestly disagree. Capitalism is about construction and destruction... hidden potential and unrealised opportunity. I am not saying your philosophy is wrong, but certainly misguided. One of the great American capitalists is Thomas Edison. He invented the light bulb and created many industries and his efforts created much wealth for this country (GE). He also destroyed the candle making business. He didn't intentionally go out to destroy the candle making business. He simply produced a better light. Its called forced obsolescence. Not a thing wrong with that. The companies Bain destroyed were not producing obsolete goods........they just weren't as profitable as Bain wanted. Huge difference between Bain and Edison. And the liberal position is to protect the candle makers and hinder Edison and his kind of destructive capitalism! The liberal position? Really? Who is protecting the oil industry by providing them subsidies while criticizing the efforts Obama is doing to encourage alternative energy sources.