Thursday, January 12, 2012

Everyday, People.


 Words.

"Thanks to Mitt Romney and such well-known socialist intellectuals as Rick Perry and Newt Gingrich, the United States is about to have the big debate on the nature of modern capitalism that should have started back in 2008. The focus will be on whether some kinds of capitalism are bad for the system as a whole.

...The debate over capitalism is likely to be with us all year because after Romney’s New Hampshire triumph, it’s truly difficult to construct a scenario that will deny him the Republican nomination.

...Capitalists of Romney’s sort never want to acknowledge how much their ability to make money depends on what government does. How does it structure the laws related to property, taxation and debt? What rules does it write on how companies can be acquired and how power within firms is apportioned among shareholders, employees, managers and other stakeholders? These are not natural laws. They are the work of politicians and the lobbyists who influence them.

...Romney’s victory speech suggested that he hopes that the campaign will be about whether President Obama wants to turn the United States into Europe. A more relevant discussion would be over what American capitalism is — and should be. Thanks to Gingrich and Perry, this debate is now unavoidable."

THE WASHINGTON POST: Mitt Romney and our overdue debate about capitalism

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