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 ...
Let’s get the history right.
“Compassionate conservatism” was a mistake not because of the word “compassionate,” but because its authors were not conservative.
Think people, think!
“Burnham’s “Suicide of the West””
Actually I have that one. I never did get a copy of his Managerial Revolution, although it’s a theme that interests me greatly. I’ve read enough about it that I have a good idea of his theory and it sounds valid to me.
You are wrong. You have witnessed Godless people, and that doesn’t have one damned thing to do with capitalism.
Pure bullshit.
You put ANYTHING in front of Capitalism, and it isn’t Capitalism.
Go ahead. flame away. I’ve maintained for at least 20 years, since I’ve become what I consider to be politically aware that corporations are now bigger than governments. And as such, the march towards 21st century feudalism would like nothing more than to see a one world pay scale. The only thing that stands in the way.... the American middle class. Let’s move manufacturing off shore. Then let’s print more money to dilute the lifes’ savings of those who remember. This is not how I envisioned my “golden” years.
You do realize you are describing Romney to a tee, don't you?
He didn't start his own businesses, but he made his fortune buying up other people's businesses and then sucking like a leech on the profit margins of the companies he looted before sending them into bankruptcy.
Romney's children never went hungry. I guess the system works.
Maybe.
I could also see hwo convenient this could be. Wouldn't it be so very easy for Gingrich to do the above, all the while knowing that the PAC will not comply?
IOW, I'm going to wait to see what happens here before I give Newt a brownie button for this one.
What I would like is an answer from the critics of Gingrich to the following questions:
What market forces are exhibited when looting a company?
How is it capitalism when you loot the pension funds of a company, and cause the taxpayers to pick up the costs of those pensions?
How is it capitalism when you demand kickbacks and buy-ins from state and local governments to keep the business from folding, while you are looting it?
How is it capitalism when you take the cash out of a company, then fire the workers, and force the rest of the taxpayers to fund their unemployment checks?
How is it capitalism when you deliberately loot the company and force it into bankruptcy, thereby stiffing all of the vendors and suppliers to take 5 or 10 cents on the dollar, plus court costs, for services and materials already provided to the company?
How is Romney’s corporate raiding different from the actions of the robber barons of the 19th century?
How is any of that “capitalism”?
Capitalism does not exist in a vacuum.
Our system is made for a moral people, according to John Adams, and wholly unsuitable for any other.
The people in the DC orbit are becoming filthy rich over the last 20 years, while we lose more of our wealth and our freedoms—how is that happening? Capitalism?
When the government is picking winners and losers, how is that “capitalism”?
Gingrich was right to go after Romney and make Romney defend his absurd claims that he was some kind of captain of industry.
Besides, the Dems were ready to unleash the same salvo, plus more, if Romney became the nominee.If anything, Gingrich did Romney a favor. Let’s see the golden haired boy defend his cliams like everyone else has to. He’s gotten away scott free until now.
South Carolina is only the third primary, and I for one am sick of the poundits telling me I have to line up behind the “clear winner” after the results of one open caucus and one open primary.
Nuts to them.
Good.
If you agree that Gingrich is right about ethics and the free market, you probably understand that he should be our nominee.
Newt should be ashamed of himself! I’m sick of this garbage from liars and frauds like newt and perry.
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How is this different from your guy, Ron Paul? Please, I’m interested, edify me.
Dibs on Kolob.
>> Purchasing Worldwide Grinding Systems for $8 mil, loading it up with debt while paying yourself $12 mil, why that’s probably the Sacrament of equity extraction.
Any interested party that willingly makes itself the minority shareholder deserves whatever manipulation comes its way. But of course, this about craps, not Capitalism . The notion that value manipulation is a virtue of Capitalism in among the most absurd arguments that can be made regarding the ‘free market’.
This post #128 explains the fallacy in denying the significance of ethical free enterprise.
Correct me if I’m wrong but isn’t Newt just following Perry’s lead on this topic?
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I think Newt took this message first- but I have to say, I applaud Perry- because in the face of this enslaught by the socialist Republican propaganda machine attempting to silence him- he’s stood his ground.
Do you think xzins and I are making these arguments because we are envious of corporate pirates like Romney?????????????????
I would not trade places with him for a moment.
I don't begrudge the fact that he's rich. But I do begrudge the unethical manner in which he made his fortune.
I would say the same thing about George Soros. If I hate the ethics by which he obtained his fortune, does that make me envious?
“Sheesh, haven’t any of you people read Ayn Rand?”
She is a veritable God, tovarishch. Which is a problem, because Ms Rand insisted that there is no God. Well, maybe the Dollar is/was God. Maybe you can provide chapter & verse on that.
Oh no we aren't. Newt can't go there because he stuck his nose in the public trough just like Santorum did making millions after they left office. No this is an attack on private equity and how it is invested.
Gingrich started this because he didn't like the attacks on him by Romney. It's got nothing to do about crony capitalism.
Actually reason, it goes beyond mere ethics- it’s fraud and malfeasance. No other way to explain the bailout and the Fed action in secretly sending trillions to European banks resulting in the devaluation of our dollar.
At least she’s cute for a lib
I disagree.
Read in Luke about the parable of the good Samaritan.
There are three socio-economic systems, so to speak, represented in that parable, represented are communism/socialism (what’s yours is mine) (i.e., the robbers who beat up the Samaritan), godless Capitalism/individualism (what’s mine is mine)(i.e., the priest and the Levite who went on the other side of the road when they saw the wounded, half-dead man), and the Christian (the good Samaritan) way to behave (what’s mine is yours).
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