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

PALM CANYON THEATRE NOW IN ITS 23RD SEASON PRESENTS LERNER AND LOWE’S “CAMELOT.”

Although our society and culture is always evolving when it comes to our entertainment choices - theatre, movies, TV streaming platforms, and music –...

NORTH COAST REP THEATRE PRESENTS “BLOOMSDAY” A STEPHEN DIETZ FANTASY/COMEDY

Steven Dietz was among the five most produced playwrights in America during 2019. And now his latest play "Bloomsday," is on stage at North...

DEZART PERFORMS STAGES A POIGNANT POWERFUL PRODUCTION OF “DANIEL’S HUSBAND”

Dezart Performs of Palm Springs, celebrates the beginning of its 12th season of producing quality live theatre entertainment in the Coachella Valley, with...

DUTCH DRAMA/THRILLER SCREENS AT PALM SPRINGS INTERNATIONAL FILM FESTIVAL

The Dutch film industry has a solid reputation of producing bold and audacious movies.  They’re not intimidated by nor feel the heat generated by risky...

PSIFF 31ST ANNUAL FILM FESTIVAL LAUNCHED WITH “AN ALMOST ORDINARY SUMMER” FROM ITALY

By Jack Lyons Theatre and Film Critic. Member ATCA The Palm Springs International Film Festival (PSIFF), the third-largest...
%d bloggers like this: