May 14, 2012

Romney Defines A Good Competitor


I am for Obama; however, a recent ad about Bain is not going to do anything to get my vote. A business must make money if it is to survive. The purpose of a for profit corporation is to maximize the long-term net worth of its shareholders while abiding by all laws, rules and regulations. If that were not the objective, no one would invest in a corporation and therefore the corporation would not create jobs.

Capitalism and free markets are presently broken and need fixing. This does not mean the profit motive should be trashed. It means free markets and competition is the best way to create jobs. The problem is our markets are not free and industries are controlled by oligarchs.

When Romney was in Detroit this year campaigning he said of the Chinese, "They are good competitors, and like all good competitors, will take every advantage they can get. As long as we allow it, they will continue doing so." Was that his approach at Bain?

Capitalism was created to serve society. Society does not exist to serve capitalism. He has a twisted view of what a good competitor is and that is why we need stricter enforcement of anti-trust laws. More:  http://bit.ly/ff1202rc

3 comments:

  1. Why is it that so many people who claim to be capitalist are not upset about the oligarchs who are taking over the country?

    ReplyDelete
  2. Capitalism and Socialism must not be at odds. A mature and productive society needs both. The Socialist protagonist must invest his effort in convincing the Capitalist to willingly fund the minimum welfare state through taxes-- not charity (charity is the enemy of justice). The Capitalist protagonist must invest his effort in convincing the Socialist to avoid the moral hazard of generational dependency and destruction of entrepreneurship. There must be a constructive balance of the two--call it Democratic Social Capitalism--and,then, let this constructive polarity bring us to--

    Inarguably, the ultimate goal of a fair and equitable society, is to provide that, the son or daughter of poor or middle class parent(s) has an opportunity at upward mobility equal to a son or daughter of rich parent(s). Therefore, the taxation structure--income and all other taxes, fees--must provide for a) access to good nutrition, b) access to adequate housing, c) access to quality health care and d) equal access to education and advanced education. Taking advantage of this equality, however is, then, up to the individual.

    ReplyDelete
  3. Capitalism and Socialism must not be at odds. A mature and productive society needs both. The Socialist protagonist must invest his effort in convincing the Capitalist to willingly fund the minimum welfare state through taxes-- not charity (charity is the enemy of justice). The Capitalist protagonist must invest his effort in convincing the Socialist to avoid the moral hazard of generational dependency and destruction of entrepreneurship. There must be a constructive balance of the two--call it Democratic Social Capitalism--and,then, let this constructive polarity bring us to--

    Inarguably, the ultimate goal of a fair and equitable society, is to provide that, the son or daughter of poor or middle class parent(s) has an opportunity at upward mobility equal to a son or daughter of rich parent(s). Therefore, the taxation structure--income and all other taxes, fees--must provide for a) access to good nutrition, b) access to adequate housing, c) access to quality health care and d) equal access to education and advanced education. Taking advantage of this equality, however is, then, up to the individual.

    ReplyDelete