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 ...
Long forgotten and buried. And you'll find defenders of the cemetery for such quaint ideas telling you that an enterprise owes anything only to the nameless shareholders. Those shareholders all too often turn out to be Wall Street speculators interested in nothing more than a few cent rise in the share price. I've experienced such a few years ago, a vulture investment company that accumulated something like 3% of the stock of a company, becoming a fifth or seventh largest shareholder, which gave it a right to effectively blackmail the management.
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.
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Chuck, doesn’t matter who said it- it’s the truth! TARP, the Fed giving the banks trilions of free money to play the carrytrade— all of this caused inflation, devaluation of our dollars, higher energy costs, food costs- all taxes on the taxpayers. Is that capitalism? Is that demoracy?
Newt should be ashamed of himself! I’m sick of this garbage from liars and frauds like newt and perry.
A book written by one those damned fools who liked to discuss ethical capitalism:
http://www.isi.org/books/bookdetail.aspx?id=c6f6a31f-ffc0-40a0-9bd7-53fb07f45429
“An introduction to economic thinking which holds that the vital things in life are those beyond supply and demand, written by the chief architect of Germany’s post-war social market economy. A Humane Economy offers an understandable and compelling explanation of how economies operate. A sweeping and brilliant exposition of market mechanics and moral philosophy, Röpke’s masterwork cuts through the jargon and statistics that make most economic writing so obscure and confusing. Over and over, the great Swiss economist stresses one simple point: You cannot separate economic principles from human behavior.”
Amazingly enough, it is offered by the old conservative outfit ISI, and its author used to be featured at National Review. I guess they didn’t have the wisdom of Rush.
Here’s another bit of info on Roepke from The Future of Freedom Foundation, who also appear unaware of how benighted this man was in thinking that ethics and economics had anything in common:
http://www.fff.org/freedom/fd0203g.asp
This is because both economic liberty and political liberty are founded on rights, and the rights are given to us by God.
Coming from God, our rights necessarily derive from absolute morality.
Therefore, true liberty is inseparable from morality.
Well, at least Newt owned up to that faux pas and apologized for it.
Romney has yet to apologize for Romneycare.
And Romney has yet to apologize for calling himself a conservative, something he has never been.
“You’re just trying to use your religious mumbo-jumbo to steal my wallet”
Therefore if your assumed premise is false, and stealing is not my motive, your argument collapses.
If these losers want to feed their children, let them go start their own business instead of sucking like leeches on the profit margins of the owners and shareholders!!
Please.
Surely you understand the difference between a corporation in a private sector engaging in these completely normal and necessary economic activities and those same activities being conducted by the GOVERNMENT.
The fact that Obama did these exact same things when the government took over, say, General Motors, simply proves that:
(1) Even he is not stupid enough to think that corporations actually exist to NOT make a profit.
(2) That the type of economic activity engaged in by Bain is absolutely necessary to keep, or try to keep, companies afloat, and
(3) That Obama is a SOCIALIST or worse. He is more than willing to use GOVERNMENT to take over the NECESSARY economic activities of the private sector.
Maybe it's because you have a different set of priorities. I've had the opportunity to work with and for some incredibly successful people. They worked long hours. They took big risks. They had vision that they put into place.
I don't want to denigrate their success because of envy. I had pretty much the same opportunity and didn't go as far because I made other choices.
Gingrich did not create the video. You need to get up to speed. The video was created by PAC and no candidate is allowed to converse or control the content. Wake up!
Yes. Just like there was something uncompassionate about conservativism, such that it needed to be qualified by the word "compassionate." NOT.
As I posted upthread, anytime a feeling word is used to qualify a system of thought, the word has one use: to be exploited by Lefties.
Well I sure hope you listen to Rand, Tovarishch Yashcheritsky, he sounds very wise.
And you just never know when the dumb schmucks might be sneaking up with nefarious plots in their evil little minds. I find that a hat made out of thin metal foil provides excellent protection against their plotting. I recommend that you wear one, too.
To separate ethics from capitalism is to divide our Constitution into pieces.
Correct me if I'm wrong but isn't Newt just following Perry's lead on this topic?
And don't you think that professional Capitalists should held to certain professional ethical standards?
What is wrong with that?
We have enough laws on the books to insure public safety in the products produced and labor laws to make sure no one is treated badly.
This is not about safety or labor laws. This is about corporate piracy and legal loopholes unavailable to most non-professional investors.
Indeed. Capitalism is but a tool, and it is the human user that is either ethical or unethical.
It is ethical human beings that Newt is seeking, but he has misframed his argument, and he is smart enough to know better, and, in fact, he does know better.
So, why is Newt misframing this argument and attacking one of the primary tools that drives the freedom of America, when he knows that it is the corruption of man that is driving our fall?
I find this highly problematic.
Gingrich is right.
To separate ethics from capitalism is to divide our Constitution into pieces.
LOL, actually I agree with you guys, I’m just jerking your chains while trying to spoof the anarcho-libertarian strain that seems to be present on FR to some degree.
Why does no one seem concerned that Powers is leaping to Newt’s anti-capitalist defense here?
That should be a huge red (and I do mean RED) flag, not something to post smug “go Newt” smilies over.
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Jag, first off, she’s right- I don’t care what her ideolgy is. And second, I don’t give a damn about the socialist Republicans- like record spending compassionate conservative George Bush nanny state expenditures, or increase the debt Boehner and McConnell, or reach across the aisle McCain- or Republican Colin Powell- “Americans want more government!”.
When are some going to realize that while the Dems are unabashed socialists, the Establishment GOP are incremental socialists. A distinctin without a difference. That’s what Newt is telling you, but some just won’t hear his argument.
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