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Gingrich is a hero for arguing for “ethical capitalism”
Hotair ^ | 12-13-12 | KRISEN POWERS

Posted on 01/13/2012 6:14:08 PM PST by VinL

Furthermore, making a profit is only one component of owning a business. Whatever happened to the idea that you are responsible for your workers and to the larger community? Too often, people feel like just pawns in a ‘game’ of ever increasing largesse for the top dogs. The big shots are always the winners – often getting payouts in the millions when their companies fail — and the “losers” are left to figure out how to eat or buy clothes for their children. (A new study found that $100 million “golden parachutes” have become commonplace for failed CEOs).

Romney’s “class envy” claim is predicated on a lie we often here from the uber-rich and their defenders: the highest goal and achievement for Americans is to be wealthy, when all most people want is to be able to provide a decent lives for their families…

The unlikely hero in this tale has been Newt Gingrich, who has been making the most coherent argument for ethical capitalism. Says Gingrich, what we want is, “a free enterprise system that is honest. . . fair to everyone and gives everyone an equal opportunity to pursue happiness.” Criticizing Romney’s brand of free enterprise, (Newt)said, “It’s not fine if the person who is rich manipulates the system, gets away with all the cash and leaves behind the human beings.”

Be still my heart.

(Excerpt) Read more at hotair.com ...


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Gringrich said--- "what we want is, 'a free enterprise system that is honest. . . fair to everyone and gives everyone an equal opportunity to pursue happiness.' ”

Amen to pursuing happiness... in this case, seeing quislings Limbaugh, Coulter, Hannity, Rove, Malkin, Noonan et al collectively cry in their globally imported beers when they see their "boyfriend" implode. .

1 posted on 01/13/2012 6:14:12 PM PST by VinL
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To: VinL

This is a time when Capitalism has become international so that downsizing sends jobs out of the US ...we have watched the strip mining of American industry to build multi nationals that make a small group wealthier .. ...all of that is at the feet of G H Bush..Clinton and GW who sold out US with the “free trade agreements “...

Newt is right.. American exceptionalism is lost by the greed of a few


2 posted on 01/13/2012 6:20:09 PM PST by RnMomof7
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To: VinL

GOOOO Newt Gingrich!


3 posted on 01/13/2012 6:20:29 PM PST by ConfidentConservative (If my people shall humble themselves and pray,I will hear from Heaven and heal their land.)
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To: VinL; xzins; wmfights

ETHICAL CAPITALISM

That sounds good. That the kind of Capitalism I have been practicing for the last 40 years. I guess that explains why I still live in a 1500 sq ft tract home.


4 posted on 01/13/2012 6:21:27 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: VinL
The thing is that one's belief system dominates their actions. If Mormanism is at the heart of Bain Capital...America has a right to know what that is.

We know Catholicism...and we ain't afeerd of it.

Mormonism, on the other hand, is a cult. Maybe we should dig into it just a little bit before we hand over the rains...

Mitt is bound up by his faith. He is not Harvard...he is Mormon.

Don't we need to know what that means?

5 posted on 01/13/2012 6:22:13 PM PST by RoosterRedux
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To: VinL

Gingrich is a COMMIE!!!!!!

Only the business owner matters - if you think anyone else does, then you’re a stinking commie lib!


6 posted on 01/13/2012 6:22:20 PM PST by Yashcheritsiy
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To: VinL

I’m wondering when “ethical” got to be a bad word.

That said, there’s nothing essentially unethical about private equity firms, M&A, and all that other stuff...and Gingrich never said there was. He challenged Romney on certain deals, since Romney has been portraying himself as a captain of industry rather than a speculative financier, and Romney has still not answered.

As for why Rush et al. are supporting Romney, I am totally mystified. There is no way Romney is going to win the presidency.


7 posted on 01/13/2012 6:22:50 PM PST by livius
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To: VinL

Yes, the department of fair markets, will that be a new cabinet position and how many billion to operate, 300 to 500 thousand employees should probably fix the problem. Back in, back in, back in, the USSR,


8 posted on 01/13/2012 6:22:50 PM PST by org.whodat (What is the difference in Newt's, Perry's and Willard's positions on Amnesty.)
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To: VinL
seeing quislings Limbaugh, Coulter, Hannity, Rove, Malkin, Noonan et al collectively cry in their globally imported beers when they see their "boyfriend" implode.

Well, first of all, Newt's last name is Gingrich, not Gringrich. Second, I'm not sure at all why quoting a NYC liberal commentator's opinion is particularly helpful to his cause.

9 posted on 01/13/2012 6:25:31 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: VinL

He agrees with Obama then. With the exception of honesty, those “ethics” are enforced by the market. Some companies should be shut down so that the workers and assets can be used more effectively in a different enterprise. The notion that we shouldn’t allow any company to fail is a socialist one.


10 posted on 01/13/2012 6:25:38 PM PST by Brilliant
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To: VinL

The author is Kirsten Powers, a lovely Liberal. Know the source.


11 posted on 01/13/2012 6:26:23 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: P-Marlowe

Yes, fairness and equal outcomes, you can have whatever car you want as long as it is the same as everyone else. Yugo’s will make a come back.


12 posted on 01/13/2012 6:27:38 PM PST by org.whodat (What is the difference in Newt's, Perry's and Willard's positions on Amnesty.)
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To: RoosterRedux

You got it! These are questions that will be asked if Mittens, god forbid, secures the nomination. And asked pretty hard!

What the eF is going on? In 2008 the fools voted to demonstrate they’re not “racist”, now GOP fools are voting to demonstrate their not prejudiced against any religion?


13 posted on 01/13/2012 6:27:38 PM PST by Revolting cat! (Let us prey!)
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To: Revolting cat!
You are a Revolting Cat...and that is why I respect you (for many years now).

Ditto what you said!

14 posted on 01/13/2012 6:32:20 PM PST by RoosterRedux
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To: org.whodat

Well, your hero Obama is doing that right now. Why do you think he is folding all of the commercial and trade agencies into one entity that he can control?

Ethical capitalism depends on individual morality. There will always be hard choices, which is fine, and everybody realizes that. But one of the reasons for the rise of unions is that workers actually were very badly treated after industrialization (and even before, but they didn’t have the technological ability to group together at that point) by unethical people. So if you want to argue for lack of ethics and human morality, go ahead...but remember that you’re destroying the capitalist system, which is based on contracts and trust, when you do that.

Few people realize that the essence of capitalism is the contract, honesty and trust. If you undermine that, you undermine the whole system. And that was essentially what was being done by Romney with his rapacious deals and reliance on taxpayer support to make up the difference so that the employees would not come out after him with pitchforks after they had lost their pensions.


15 posted on 01/13/2012 6:32:49 PM PST by livius
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To: VinL

Is there something unethical about capitalism such that it needs to be qualified by the word ethical?


16 posted on 01/13/2012 6:33:01 PM PST by chris37 (Heartless.)
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To: P-Marlowe
That sounds good. That the kind of Capitalism I have been practicing for the last 40 years. I guess that explains why I still live in a 1500 sq ft tract home.

And sleeping well in that house, I'll bet. There's a lot to be said for that, a clear conscience.

17 posted on 01/13/2012 6:33:38 PM PST by upsdriver (We Tea Partiers need Sarah Palin for president.)
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To: VinL
"We need a combination of supreme moral sensitivity and economic knowledge. Economically ignorant moralism is as objectionable as morally callous economism. Ethics and economics are two equally difficult subjects, and while the former needs discerning and expert reason, the latter cannot do without humane values."

The above was written by Wilhelm Roepke, the German economist who helped create the postwar German economic miracle. Roepke was a favorite of the old National Review, back when that magazine was worth reading.

The claim that a concern about business ethics is "socialistic" and "anti-capitalistic" would sure have been news to Russell Kirk, Eric von Kuehneldt-Leddihn, and any number of the conservative stalwarts who once wrote for National Review.

But that claim comes easily to the current crop of Republican stooges who are concerned solely about political power, and who absolutely don't want the business ethics of their boy Romney subjected to scrutiny.

18 posted on 01/13/2012 6:34:58 PM PST by Pelham (Islam. The original Evil Empire)
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To: Brilliant

Who said a company shouldn’t be allowed to fail? Restructuring is a classic thing, but that wasn’t what Romney was doing.

He was stripping assets (cash and pension funds) of companies that were faltering, dumping the corpses, and then expecting the taxpayer to make up the difference.


19 posted on 01/13/2012 6:35:08 PM PST by livius
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To: VinL
Mitt Romney no stranger to tax breaks, subsidies

Romney relied on corporate welfare

Romney: Corporate Welfare Bum

Selling out capitalism in the defense of Romney and Bain

Mitt Romney and 100,000 jobs: an untenable figure

Mitt Romney In 2003: Denounces Classical Republican View On Corporations

Romney likens work at Bain Capital to Obama’s auto industry bailout

Repeat After Me: Bain Capital Is Not A VC Firm

Mitt Romney: Minimum Wage Should Rise With Inflation

Mitt Romney: Bain Capital's missing 'humanity clause'
20 posted on 01/13/2012 6:35:08 PM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
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To: livius
GOOOOOOOO NEWT!!!!!!!!!!!!!
21 posted on 01/13/2012 6:35:23 PM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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To: Yashcheritsiy
Say what?

Gingrich is a patriot...he ain't a Commie.

22 posted on 01/13/2012 6:35:30 PM PST by RoosterRedux
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To: VinL

Nothing ethical about his ads or the movie he bought


23 posted on 01/13/2012 6:35:48 PM PST by willk
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To: BfloGuy

Second, I’m not sure at all why quoting a NYC liberal commentator’s opinion is particularly helpful to his cause.
**************

In this case, I quote her because she is right- or do you prefer existing Republican bailouts for the rich, Bush record spending on the nanny state, or the Fed giving free money to the multi-trillion dollar multinationals so they can give fraudulenmt bonuses to their executives at the expense of the working people of the nation?

I have 2 enemies- socialists on the left and Republican socialists -— and sometimes a “liberal” commentator stumbles into the truth. Next objection?


24 posted on 01/13/2012 6:36:55 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: VinL

“Ethical Capitalism?”

Sounds like one of those made up pc lib words.


25 posted on 01/13/2012 6:37:00 PM PST by nhwingut (Sarah Palin 12... No One Else.)
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To: livius

Rush is supporting Bain because Rush has dinner with such people. He needs to go back and read James Burnham’s book, the Managerial Revolution. Mitt is not a captain of industry, like Carnegie or Ford, or even like his father. He is a manager of a portfolio who makes money by milking industry.


26 posted on 01/13/2012 6:38:28 PM PST by RobbyS (Christus rex.)
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To: chris37
Is there something unethical about capitalism such that it needs to be qualified by the word ethical?

No, capitalism isn't unethical but many unethical people use and abuse capitalism. No matter what one does in their life, there is a right way and a wrong way to do it.

27 posted on 01/13/2012 6:42:32 PM PST by upsdriver (We Tea Partiers need Sarah Palin for president.)
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To: nhwingut

It is capitalism unlike that of the Krupps in Germany, who didn’t care if the government was left or right.


28 posted on 01/13/2012 6:42:43 PM PST by RobbyS (Christus rex.)
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To: VinL

Oh, she would hate to see Newt on the ballot after he made Clinton moved to the right. Can’t forgive that happening. She is a huge leftwinger and political player.


29 posted on 01/13/2012 6:43:39 PM PST by Christie at the beach
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To: upsdriver

Communism is a form of Capitalism, the State is the Capitalist.


30 posted on 01/13/2012 6:43:39 PM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: Brilliant

The notion that we shouldn’t allow any company to fail is a socialist one.
*************

Exactly!!!! You’re exactly right. So, why did 75% of us who objected to the bailout of banks get the collective obscene gesture from the plutocrats Republicans who gave money to their rich friends?

You have affirmatively identified the problem, my friend. But, like Rush, it appears that you see it one way- that only liberals are socialists. If 2008 taught us anything, it’s that Republicans expect us to subsidize the losses of the rich at the expense of the taxpayer.

McCain, Bush, Romney don’t give a damn if you can live under capitalism or communism— they just want to maintain their wealth and their fiefdoms.

And when a “liberal” identify states that reality-— well, it’s still reality.


31 posted on 01/13/2012 6:45:28 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: chris37

Capitalism is a very free system that depends to a great extent on the decisions of the free individuals within it. Any system benefits the powerful and unscrupulous because they are most willing to exploit it, and this is the reason it is necessary to have some laws controlling an economy.

However, capitalism can be controlled through agreements based on certain ethical principles (honesty, good faith, etc.), because the basis of capitalism is the contract, which is a voluntary agreement between truthful individuals. This means that capital will not be taken from one and redistributed to another (that is, the government or the powerful person) but that it will be something from which both parties expect to gain some advantage.

When the parties to a contract are dishonest or are relying on things outside of the contract that give them an unfair advantage (government bailouts, for example), the entire system is undermined.

So yes, ethics are important.


32 posted on 01/13/2012 6:46:01 PM PST by livius
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To: Brilliant

Bingo.....that’s why I vehemently opposed the original Chrysler bailout in 1977, it set the precedent that government would bail out companies that made bad decisions....the fact Chrysler paid it back is immaterial. If Chrysler went out of business, somebody else would have bought the assets and made good use of them. Now the expectation was set that government would step in and save companies that were “too big to fail.”


33 posted on 01/13/2012 6:48:17 PM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: katiedidit1

Yes!!! He’s the only person willing to have a serious conversation about this.

And while Romney does the Romney hair show and the press faints with joy, Obama is consolidating his power and destroying the whole basis of capitalism (commercial activity).


34 posted on 01/13/2012 6:48:38 PM PST by livius
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To: org.whodat

Back in, back in, back in, the USSR,

************
Whodat- you are pretty smart— so you should understand, you ARE already in the USSR. When 75% of the people say they don’t want the banks bailed out- yet the poliboro says screw you, we’ll bailout whomever we want-— how’s that type of democracy feel to you? -:)


35 posted on 01/13/2012 6:49:04 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: org.whodat; xzins
I guess you support UN-ethical Capitalism, eh?

Tell me, should a floundering company that is bought out by a shell corporation be able to borrow money to pay dividends to it's sole shareholder before running the company into the ground and then going bankrupt?

Is that the kind of Capitalism that you support?

36 posted on 01/13/2012 6:49:30 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: RoosterRedux

Thank you. And I am glad this issue have to the fore at last, because until now we have ceded it to the Left, responding with kneejerks to often perfectly legitimate complaints and criticisms. No, not everything is hunky dory in the world of rampant capitalism, which is not to argue for government control or socialism.

Perhaps one needs to experience it on one’s own skin, like having a job exported to cheap incompetents in Bangalore, but shining the light on the cockroaches of Wall Street can only do us all good. Unfortunately, because of the money involved, our systems, government and media (such as the conservative WSJ) are always reactive, instead of (I hate this word) pro-active, or anticipatory. Note how much effort it took to flush Bernie Madoff out. And GF Global?


37 posted on 01/13/2012 6:49:46 PM PST by Revolting cat! (Let us prey!)
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To: RobbyS

I think (Mittens) Romney was hoping that people would somehow confuse him with his father, George Romney, who whether he was good or bad or you liked him or not, was indeed a captain of industry and was in the productive (and not speculative) segment.


38 posted on 01/13/2012 6:50:36 PM PST by livius
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To: VinL

Limbaugh is right. A discussion of ethical capitalism is for liberals and fools. Romney should be attacked for romneycare. And his flip flops. His stint with bain is not conservatives’ problem with romney.


39 posted on 01/13/2012 6:51:09 PM PST by plain talk
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To: RoosterRedux

Thank you. And I am glad this issue have to the fore at last, because until now we have ceded it to the Left, responding with kneejerks to often perfectly legitimate complaints and criticisms. No, not everything is hunky dory in the world of rampant capitalism, which is not to argue for government control or socialism.

Perhaps one needs to experience it on one’s own skin, like having a job exported to cheap incompetents in Bangalore, but shining the light on the cockroaches of Wall Street can only do us all good. Unfortunately, because of the money involved, our systems, government and media (such as the conservative WSJ) are always reactive, instead of (I hate this word) pro-active, or anticipatory. Note how much effort it took to flush Bernie Madoff out. And MF Global? (By the way, do you know what the ‘MF’ stood for among that company’s insiders?)


40 posted on 01/13/2012 6:51:09 PM PST by Revolting cat! (Let us prey!)
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To: nhwingut

If you break no laws and make a profit for your shareholders that’s all you need. We don’t hold many companies to even this standard ( look at half of the TV commercials — can you say fraud?). Newt’s ego is somewhat over sized.


41 posted on 01/13/2012 6:51:42 PM PST by JimSEA
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To: VinL; org.whodat; xzins
When 75% of the people say they don’t want the banks bailed out- yet the poliboro says screw you, we’ll bailout whomever we want-— how’s that type of democracy feel to you? -:)

Actually that is the kind of CAPITALISM that we have.

42 posted on 01/13/2012 6:51:45 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: VinL

What about the ethics of sitting on Pelosi’s couch?


43 posted on 01/13/2012 6:52:21 PM PST by Paladin2
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To: chris37

Is there something unethical about capitalism such that it needs to be qualified by the word ethical?
**************
One, we don’t have capitalism in current American. And second, if one places God over economy ideology, then ethical may well supercede fraudulence and greed, at least to some.


44 posted on 01/13/2012 6:52:37 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: VinL
Says Gingrich, what we want is, “a free enterprise system that is honest. . . fair to everyone and gives everyone an equal opportunity to pursue happiness.”

Who is going to decide what is "fair" and what isn't? A bureaucrat that has never run a business? If nothing else, the Dems have a nice audio clip/quote to place in one of their ads - "see, even Gingrich agrees with us!"

45 posted on 01/13/2012 6:52:50 PM PST by Major Matt Mason (The Chicago Way isn't the American Way.)
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To: VinL

Limbaugh is right. A discussion of ethical capitalism is for liberals and fools. Romney should be attacked for romneycare. And his flip flops. His stint with bain is not conservatives’ problem with romney.


46 posted on 01/13/2012 6:53:13 PM PST by plain talk
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To: livius
Few people realize that the essence of capitalism is the contract, honesty and trust. If you undermine that, you undermine the whole system.

Have you ever read any of the pieces written by George Soros.

Soros is, of course, dedicated to replacing capitalism by socialism. His rationale is predicated on his own experience -- he made billions in the capitalist system because he is 100% amoral.

Soros blames the capitalist system for his wealth and, knowing no better, assumes that all other capitalists are similarly amoral. Therefore, the capitalist system must be replaced by the socialist system -- to keep people like him from doing what he has done.

Soros has no concept of right or wrong, no conscience whatsoever. And he blames capitalism for what he has wrought!

47 posted on 01/13/2012 6:53:42 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Pelham

Nice. -:)


48 posted on 01/13/2012 6:54:57 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: VinL
I did not know Malkin was on the take too. What a disappointment. Don't these people see they lost all credibility? If Bain owns Clear Channel and they all work for Clear Channel, it goes to show it's all about the money. To hell with values and principals. They sold there reputation to the highest bidder.
49 posted on 01/13/2012 6:55:14 PM PST by Linda Frances
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To: VinL

The words ‘Gingrich’ and ‘ethical’ in the same sentence? Oh my! Does Gingrich consider it ethical to create campaign videos filled with 28 minutes of lies, smears, and distortions?


50 posted on 01/13/2012 6:56:19 PM PST by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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