As far as I am concerned, Newt forfeited all credibility by talking about “ethical” capitalism, as though buying and shutting down dying businesses is not “ethical.” He obviously either does not have a clue what capitalism is, or he is willing to prostitute himself to get votes.
I suggest you read “The Theory of Moral Sentiments” by Adam Smith. Smith viewed this as a companion work to “Wealth of Nations”, unfortunately today its pretty much forgotten.
It is an argument for the necessity of “ethical capitalism”. Smith had no illusions about human nature.
Yep, God save us from the self-righteous. Does anyone really believe that Newt wouldn't have done precisely the same thing that Mitt did at Bain had he the opportunity?
I have been a big, big supporter of Newt (I was pushing for him to run back in 2008 (
Gingrich For President '08: Is His Baggage Too Heavy? ), but he really ripped that support apart with these attacks against Bain. They show just how ruthless and unprincipled he is. They also show just how reckless and reactive he can be. There were plenty of legitimate avenues for Newt to attack Mitt, but using Democrat language to attack Bain Capital wasn't one of them.
Newt will be lucky to come in second place in SC. He committed political suicide with those attacks. It's sad to see someone with so much to contribute and of such obvious quality, descend into petty and self-destructive posturing.