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.
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.
And sleeping well in that house, I'll bet. There's a lot to be said for that, a clear conscience.
This populist garbage only leads to malinvestment. A business should be run to make a profit. If the labor force brings something to the table it's good business to pay them well enough that they don't leave for a better opportunity. The business is not a social welfare agency.
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.
Gingrich in his rage against Romney has taken an unAmerican tack. If we want a socialist utopia we should go to Europe.
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.
At least you can sleep at night. Most of the companies Mitt and other tear apart have already been mismanaged to the detriment of the company and the workers - management hoses it and the workers are the sacrifice. Capitalism in it's purist form is no different than Fascism in its purist form. Without ethics, it's a bain rather than a boom - hence the child labor laws and OSHA which enforced humane conditions, but also ate into the sacred profit.
I'm a Capitalist and wholly endorse Capitalism. It just seems that some folks on FR are so into the purism BS that they forget to actually think about what they bitch about. Newt is not attacking Capitalism, he's attacking the grind-people-into-the-dirt-to-protect-the-investors-after-greed-and-mismanagement-have-screwed-the-workers philosophy so many seem to apporove of.