Skip to comments.Conservatives vs. Capitalism
Posted on 01/09/2012 6:24:44 PM PST by americanophile
The last two presidential election cycles have revealed a stinking hypocrisy in conservatives: They profess their love of capitalism and entrepreneurship, but when offered a real capitalist and entrepreneur, they go, Eek, a mouse! And they tear him down in proud social-democrat fashion. In the off season, they sound like Friedrich Hayek. When the game is on, they sound like Huey Long, Bella Abzug, or Bob Shrum.
Last time around, Mike Huckabee said Romney looks like the guy who laid you off. Conservatives reacted like this was the greatest mot since Voltaire or something. To me, Romney looked like someone who could create a business and hire the sadly unentrepreneurial like me.
Others said, He looks like a car salesman, or, worse, a used-car salesman. Ho ho ho! Commerce, gross, icky, yuck. Better Romney looked like an anthropology professor.
As I say in Impromptus today, I was watching a clip of Romney tangling with an Occupy protester last week. Romney was defending corporate profits. I was astounded. I dont think I had ever seen a candidate do this. When the subject comes up, youre supposed to denounce corporate profits or say, Hey, nice weather were having, huh?
Phil Gramm once explained to Bill Buckley why he never talked about free trade on the stump he, a professor of economics and a free-marketeer: It wasnt worth the trouble. Free trade benefits almost everybody, said Gramm. But they dont know who they are. Free trade hurts a few, and they all know who they are.
(Excerpt) Read more at nationalreview.com ...
This is bunk. Free traitorism only benefits the small globalist elite that underwrites economics chairs at universities and bribes both parties.
So his anti-gun, pro Romney Care, etc., stances mean nothing?
I don’t have have any problems with him being a captialist. I have problems with him being a Liberal. The fact that he was elected Governor of the People’s Democratic Republic of Massachusetts is proof enough for me.
And for many many years have folks been saying the the R are really the same as the Rats, just a little less so? So R’s attacking free enterprise, capitalism and constitutionalism is not really all that surprising.
Mitt Romney is neither a true Republican nor a conservative. FR will continue to tear him a new one as per the owner.
I remind you all that there is a distinction between pro-market and pro-business (see Gov. Palin’s latest book, or better still the writings of her favorite Chicago-School economist Luigi Zingales). When the two diverge, I hope that most American conservatives will be pro-market, rather than pro-business.
Certainly corporate raiding or asset-stripping can serve a function in the economy rather like predators and carrion fowl serve in nature, but it is at best an unlovely part of capitalism, and at worst an abuse of capitalism. Do corporate raiders actually deliver shareholder value to the owners of the companies they take over, or do they line their own pockets as the new managers (and largest, though most often not majority shareholders) at the expense of their fellow owners? Too much of what passes for capitalism these days are managers delivering value for themselves at the expense of the shareholders, whose fiduciaries they are in theory. When “pro-business” policies support management shafting shareholders or plurality shareholders shafting the rest, I turn “anti-business”, and do so with a good conscience as a conservative. I’m not particularly interested in whether Bain Capital downsized companies to took over. I’m interested in how the other shareholders, the other capitalists who has perhaps originally built up the company, fared under Bain’s stewarship. From what I have read, they did not fare well, and that is reason enough to hold Bain’s behavior against Romney.
Rick Santorum just denounced this line of attack on Hannity’s show..
I’m not thrilled with some of today’s business tactics but they are what they are. The last company I worked for was bought by Collins and Aikman who promptly squeezed the value out of my company and dumped the corpse. Today Collins and Aikman are themselves gone after going chapter 11 in 07 (David Stockman’s watch)
Too bad you’re sacrificing something much bigger than Romney to do so...this is myopic! This issue isn’t Romney, it’s that the GOP is embracing this Marxist rhetoric. I’m absolutely astonished by this and the apparent approval of it. The means does not justify the ends here! Capitalism is one of the bedrock foundations of this nation.
Good for Santorum!
Perry is jumping in on this anti capitalism theme too. I think this is going to back fire big time. kinda validates the contention that their is no difference between the 2 parties, when the conservative party attacks conservative principles. Attack Mitt for being a capitalist and attack Paul for being a constitutionalist. wow, just wow.
I figure by morning we’ll be hearing how Santorum is helping Romney and hoping for a VP slot.
This kind of crap is destroying the GOP more effectively than the left could ever hope to do.
I am disgusted with the entire lot of candidates.
I am now resigned to the Anyone But Obama ticket.
Romney is a liar and REAL conservatives WILL expose him. He’s as dishonest as they come and if you think he was an honest businessman and only dirty in politics you’re naive.
Newt is only retaliating because Romney brought up his consulting for Fannie Mae. Newt didn’t start that fight.
Bain invested in over 240 companies, overwhelmingly as startups or faltering companies in troubled industries with the intent to turn them around and eventually sell them. In no case was their original intent to “asset strip”. In the very few cases where they did asset strip a company it was because it failed and the the sum of the parts was worth more than the whole.A venture capital company answers to its shareholders not populist voters.In those instances they exercised good business judgement in selling off the assets to recoup some or all of their investments.I only wish Obama had provided the government with the ability to sell off Solyndra assets and recoup some of the taxpayers’ money instead of bargaining this right away to his bundlers who invested in the company.
Romney and Bain made a lot of their money as corporate raiders.
Romney talks about job creation. Let him open his books. Staples is one success: Mostly minimum wage jobs.
Talk is cheap and Romney has been proved a liar more times than we can count.
OWS was created for The Marxist to run against Romney. Let's see how Romney stands up to this during the primaries not afterward, when it's too late.
Just try to imagine Romney speeches and campaign events interrupted and jammed by OWS protests and other ilk all summer and up till Election Day in November!
NO ROMNEY! NO WAY!
LOL. Karl Marx supported "Free Trade" because he thought it helped the cause of Communism.
What did Perry say?
Obama will eat Romney. They know where the dirt is.
I had to shake my head yesterday when one of the wealthiest men I suppose has ever run for the presidency of the United States, the son of a multimillionaire, Mitt Romney, he said, ‘I know what its like to worry about whether youre going to get fired,’ Perry said at Mama Penn restaurant in Anderson, S.C. I have no doubt that Mitt Romney was worried about pink slips, whether he was going to have enough of them to hand out, because his company Bain Capital with all the jobs that they killed, Im sure he was worried that hed run out of pink slips.
Articles regarding abuses of this type of action appeared in the Wall Street Journal back then (not some Marxist rag). Whether Bain engaged in abuses or not I don't know. If abuses occurred, it is a legitimate issue.
If mittens can't come up with an intelligent way to defend his business actions(supposedly the main reason to elect him), then there is no way he beats Obama when they come at him on this issue. Better to find out now that he can't do it, than to find out when he is the candidate.
Myself, I am more interested in his record as Governor in Massachusetts. That record leaves me underwhelmed.
Romney is a dirty politician and a liar. You think he was clean in business?!
I think you are dead on about him,,,
Oh I’ve been disgusted for a while now. The attacks on capitalism are legion here at FR and Newt;s already triangulating. But I depart from the author on Romney and the others electability. I think any of them can beat Obama except Ron Paul. And there are very good reasons to oppose Romney but doing it at the expense of free market capitalism sure the hell ain’t the right one.
Never said that, did I ????
I guess I dont see what is anti-capitalist in that.
I hope your evening is wonderful.
Whether Romney’s business dealings were legitimate or not, we have an interest in knowing exactly what they were and whether they represent the right temperament and experience necessary for a president. So far, it doesn’t sound like it. It sounds like he is someone who loves governing from the top-down, moving the pieces all around the board with little regard or thought for all the little people that get crushed in the process.
Again, it may have been necessary for the bottom line to cut those people off, but someone who is so comfortable doing that doesn’t seem cut out to govern the country. If Romney acted as President like he did in business, he would be a dictatorial socialist, creating and controlling big government machines to fulfill his own ends but not caring much about how the average citizen fared under the iron boot of his system. This also explains why he did govern as a socialist so comfortably in Massachusetts.
There is probably a reason we don’t have a tradition of big businessmen serving in government. Just look at one of our most recent examples, Jon Corzine, to see how well that worked out. These big businessmen seem to be control freaks who think they know better than the rest of us and are not sensitive to how their big decisions affect the little guy. Businesses are dictatorships built around a hierarchy. They aren’t democracies and their leaders aren’t used to being answerable to the will of all the little people living under them.
That being said, Romney is a disgusting anti-capitalist when he gets into political office. His reign in Massachusetts was not even close to being a sterling example of free-market capitalist political policy, it was nothing more than mainline progressive liberalism.
You said - “This is bunk. Free traitorism only benefits the small globalist elite that underwrites economics chairs at universities and bribes both parties.”
Spoken like the lowest class of socialist known to man. Why don’t you go to DailyKos or some place to plan your commie revolution?
Got that experience several times. Get bought, then everything gets chopped up into various 'units' and sold on the open market.
Worked for three different companies in three months and all in the same building at the same desk...all downhill after that until the last company closed it down a couple of years later.
I hate corporate raiders and their bean counters. No better than barbary pirates.
Romney, the anti-conservative. anti-Reagan, anti-Jesse Helms, anti-Contract with America.
Romney was so anti-conservative that he left the party after Reagan’s election, and by the late 1980s was moving on to supporting and even fund raising solely for democrats.
So many years I read and subscribed to National Review, I canceled them in 2008 (or late 2007).
Here's what we have now:
Ineptocracy (in-ept-o-cra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
- Karl Marx
Democratic Association of Brussels
January 9, 1848.
If Romney can defend himself successfully by being transparent, releasing his tax returns and other information on Bain, then he might survive the far worse onslaught he would get were he to get the GOP nomination.
Better now than later.
Me too, ABO.
These are tough times for us. And I suspect tough times for many businesses larger and smaller than us.
Politics is all about perceptions.
If throwing a bunch of money around because you already have it is conservative....
If using your fame or name or influence to buy and sell and profit regardless of adding value is conservative...
Does that whole 1% thing deserve to be attached to the concept of conservatism? How do those business tactics square with a fair price for a fair value? What about those of us whose major concern is repeat customers. Are we the real fools? Is free enterprise dead and we're just the bitter clingers?
“Corporate raiders” - interesting language. Where have I heard it before? Oh yeah, I heard it coming from anti-capitalist Democrats.
Oh, yeah, everything I, the great I don’t like is “COMMUNISM”!
And apparently you have no idea what it means. Do you understand “hostile takeover” and believe that is a conservative value? Funny. I thought honesty was conservative.
I understand. I know lots of people that lost everything they had worked for 20 or more years. My own company went through lots of mergers and aquisitions.
We lost a lot of benefits over the years, but still had a fairly decent package by the time I could retire. I missed the cutoff for being able to keep my health care by 2 years, but at least I still had a lump-sum pension.