Home News World "Bain Capitalism": Mitt's Frankenstein Is a Politically-Created Monster

“Bain Capitalism”: Mitt’s Frankenstein Is a Politically-Created Monster

Richard (RJ) Eskow~

Bain Capital must seem like a Frankenstein’s monster to Mitt Romney’s campaign Like Mary Shelley’s creature, it’s stalking its creator just as he’s about to claim the thing he loves most. But Bain Capital — and Bain Capitalism — isn’t Mitt’s creation. It was sewed together from the corpses of dead ideals and shocked into life in Washington’s political laboratories.

Mitt’s monster was created by a broken political process that’s allowed politicians in both parties to create an artificial, destructive and exploitative form of pseudo-capitalism — and often to get rich from it. Romney’s campaign will probably survive, but the monster will go on destroying lives and dreams.

Conservatives and self-described “centrists” speak about “Bain Capitalism” — aka “vulture capitalism” — as if it were the inevitable result of immutable economic laws. But it’s only been around for thirty years or so, after government policies in taxation and bank regulation made it possible. That’s right: Government, not free enterprise, made Bain Capitalism.

Read the whole article…

Must Read

18TH CENTURY FEMINIST COMEDY “LADIES” ON STAGE AT BOSTON COURT THEATRE OF PASADENA

Sometime it’s difficult to assign a genre to a play.  Is it a drama or is it a comedy or is it a little...

NORTH COAST REP THEATRE LAUNCHES A TRIUMPHANT “WALK IN THE WOODS” DRAMA WITH HEART

As the French say:  “plus ce change, plus c’est la meme chose.”  And that’s not necessarily a bad thing. Especially when it comes to...

LIVE LIFE WITHOUT PAIN

The creation of the first Gravity Defyer shoe was the culmination of years of scientific research and one man’s relentless passion for solving his...

Invisible Tango: A Tale of Two Magicians Who Met for a Reason

By Lisa Lyons Frank Marshall is a renowned and respected producer/director who was awarded the Irving J. Thalberg Award with...

Celebrating Salad With a variety of fruits and veggies available in every color of the rainbow and ingredients packed with protein and...
%d bloggers like this: