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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

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To: VinL
Whatever happened to the idea that you are responsible for your workers and to the larger community?

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.

101 posted on 01/13/2012 7:38:36 PM PST by Revolting cat! (Let us prey!)
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To: chuckee

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.
*****************

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?


102 posted on 01/13/2012 7:41:04 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: wmfights

Newt should be ashamed of himself! I’m sick of this garbage from liars and frauds like newt and perry.


103 posted on 01/13/2012 7:41:04 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: Hoodat; plain talk

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


104 posted on 01/13/2012 7:41:19 PM PST by Pelham (Islam. The original Evil Empire)
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To: reasonisfaith

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.


105 posted on 01/13/2012 7:41:19 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: Paladin2; VinL
What about the ethics of sitting on Pelosi’s couch?

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.

106 posted on 01/13/2012 7:42:49 PM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
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To: Yashcheritsiy

“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.


107 posted on 01/13/2012 7:42:49 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: chuckee
and the “losers” are left to figure out how to eat or buy clothes for their children.”

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!!

108 posted on 01/13/2012 7:43:27 PM PST by Yashcheritsiy
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To: livius
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?

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.

109 posted on 01/13/2012 7:43:43 PM PST by fightinJAG (So many seem to have lost their sense of smell . . .)
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To: P-Marlowe; VinL; xzins
I guess that explains why I still live in a 1500 sq ft tract home.

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.

110 posted on 01/13/2012 7:44:41 PM PST by wmfights (PERRY 2012)
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To: Hoodat
Does Gingrich consider it ethical to create campaign videos filled with 28 minutes of lies, smears, and distortions?

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!

111 posted on 01/13/2012 7:46:24 PM PST by Logical me
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To: chris37
Is there something unethical about capitalism such that it needs to be qualified by the word ethical?

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.

112 posted on 01/13/2012 7:46:30 PM PST by fightinJAG (So many seem to have lost their sense of smell . . .)
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To: Yashcheritsiy

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.


113 posted on 01/13/2012 7:47:14 PM PST by Pelham (Islam. The original Evil Empire)
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To: VinL

To separate ethics from capitalism is to divide our Constitution into pieces.


114 posted on 01/13/2012 7:47:14 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: wmfights; xzins; VinL
Gingrich in his rage against Romney has taken an unAmerican tack.

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.

115 posted on 01/13/2012 7:48:52 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: nicmarlo

116 posted on 01/13/2012 7:49:03 PM PST by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: Finny; All

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.


117 posted on 01/13/2012 7:49:10 PM PST by chris37 (Heartless.)
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To: VinL

Gingrich is right.

To separate ethics from capitalism is to divide our Constitution into pieces.


118 posted on 01/13/2012 7:49:26 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: Pelham; reasonisfaith

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.


119 posted on 01/13/2012 7:50:20 PM PST by Yashcheritsiy
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To: fightinJAG

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.

**************
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.


120 posted on 01/13/2012 7:50:48 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: fightinJAG

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!


121 posted on 01/13/2012 7:51:44 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: firefox

“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.


122 posted on 01/13/2012 7:51:49 PM PST by Pelham (Islam. The original Evil Empire)
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To: nicmarlo

You are wrong. You have witnessed Godless people, and that doesn’t have one damned thing to do with capitalism.


123 posted on 01/13/2012 7:52:57 PM PST by chris37 (Heartless.)
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To: VinL

Pure bullshit.
You put ANYTHING in front of Capitalism, and it isn’t Capitalism.


124 posted on 01/13/2012 7:53:59 PM PST by SJSAMPLE
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To: RnMomof7

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.


125 posted on 01/13/2012 7:54:52 PM PST by printhead (Standard & Poor - Poor is the new standard.)
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To: Yashcheritsiy; chuckee; xzins
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!!

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.

126 posted on 01/13/2012 7:55:08 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: VinL
As you may or may not know, today Newt called about the Superpac to edit the inaccuracies in the film or take it down!

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.

127 posted on 01/13/2012 7:55:24 PM PST by fightinJAG (So many seem to have lost their sense of smell . . .)
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To: VinL

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.


128 posted on 01/13/2012 7:55:32 PM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
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To: Yashcheritsiy

Good.

If you agree that Gingrich is right about ethics and the free market, you probably understand that he should be our nominee.


129 posted on 01/13/2012 7:55:32 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: GlockThe Vote

Newt should be ashamed of himself! I’m sick of this garbage from liars and frauds like newt and perry.

*************
How is this different from your guy, Ron Paul? Please, I’m interested, edify me.


130 posted on 01/13/2012 7:55:41 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: Linda Frances

Dibs on Kolob.


131 posted on 01/13/2012 7:55:59 PM PST by Pelham (Islam. The original Evil Empire)
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To: Pelham

>> 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’.


132 posted on 01/13/2012 7:57:34 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: SJSAMPLE

This post #128 explains the fallacy in denying the significance of ethical free enterprise.


133 posted on 01/13/2012 8:00:21 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: P-Marlowe

Correct me if I’m wrong but isn’t Newt just following Perry’s lead on this topic?

*************
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.


134 posted on 01/13/2012 8:00:21 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: wmfights; xzins; betty boop; Alamo-Girl
I don't want to denigrate their success because of envy.

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?

135 posted on 01/13/2012 8:00:30 PM PST by P-Marlowe (Romney. The poster boy for Corporate Welfare and Vulture Capitalism.)
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To: Yashcheritsiy

“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.


136 posted on 01/13/2012 8:03:38 PM PST by Pelham (Islam. The original Evil Empire)
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To: VinL
We are not talking about the average honest business person. We are talking about an oligarchy in DC, 535 fiefdoms, who do not engage in capitalism- they engage in a plutocracy to insure their perpetual power and wealth. Big difference.

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.

137 posted on 01/13/2012 8:03:55 PM PST by wmfights (PERRY 2012)
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To: reasonisfaith

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.


138 posted on 01/13/2012 8:04:22 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: BfloGuy

At least she’s cute for a lib


139 posted on 01/13/2012 8:06:17 PM PST by wardaddy (I fear we cannot beat Roger Ailes and beltway GOP)
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To: chris37

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).


140 posted on 01/13/2012 8:06:58 PM PST by nicmarlo
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To: fightinJAG

FWIW, Newt’s my choice in this race, but the rhetoric concerning Capitalism is out of control nearly on all fronts.

I agree, Power’s support for ‘ethical capitalism’ should definitely raise flags. Capitalism isn’t the problem, it’s fascism and unethical regulations that deserve our attention.

Forget about her involvement with Weiner...


141 posted on 01/13/2012 8:07:19 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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Forgot about her involvement with Weiner...


142 posted on 01/13/2012 8:08:20 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: Yashcheritsiy

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!!

***************
Right. The banks and multi-nationals get trillions of free money whenever they go broke-— and the “losers with children” can’t even get a loan from the corrupt bankers to get on their feet.

That’s American capitalism, huh?


143 posted on 01/13/2012 8:09:10 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: VinL

Powers is a diehard liberal. She’s rooting for Gingrich. Was does that tell you?


144 posted on 01/13/2012 8:09:22 PM PST by Signalman
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To: RnMomof7
Newt is right.. American exceptionalism is lost by the greed of a few

Yep. The kind of greed (not to mention, corruption) that prompts a Washington insider to accept a million and a half bucks from Freddie Mac (taxpayers) for...for what exactly again? A million and a half bucks of yours and everybody's money stolen from you as part of a scheme participated in by Newt. Nope. No greed there. Just a Tiffani's card for the little Mrs. in exchange for a "history" lesson or two is all.

145 posted on 01/13/2012 8:10:29 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: VinL

OMG!


146 posted on 01/13/2012 8:10:33 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: GlockThe Vote
Newt should be ashamed of himself! I’m sick of this garbage from liars and frauds like newt and perry.

Until now I liked everything about Perry. This socialist nonsense drives me up a wall. Bain may have done well, or badly, when Romney was in charge but if he had broken the law he would have been indicted by now. If people are upset about him leveraging the businesses he was running then why aren't we talking about the banks or purchasers of the bonds?

147 posted on 01/13/2012 8:11:49 PM PST by wmfights (PERRY 2012)
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To: Yashcheritsiy

Your quoting from Bioshock ?
Ahh... Sir you do remember what the moral point of story in that game was right?
Heck its one of the reasons why I like Bioshock 2 so much, in that one it was pure socialisms turn to be roasted for giving in to fanaticism. If you really believe what Andrew Ryan was saying in that game then what happened to his city must be your idea of paradise.


148 posted on 01/13/2012 8:12:58 PM PST by WyvernAK (Knowledge is Power, ie Obama is in trouble)
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To: chris37

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?
********************

Bailing out the rich by the DC/WallSt oligarchy drives American fredom? Huh, who knew?


149 posted on 01/13/2012 8:12:58 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: Yashcheritsiy; reasonisfaith

I suspected as much after your third post. Well done.

The problem is that just when you think your satire is too extreme, the target you’re mocking outdoes you. “I try to be cynical, but I just can’t keep up”.


150 posted on 01/13/2012 8:13:15 PM PST by Pelham (Islam. The original Evil Empire)
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