Archive for December, 2011
What conception of capitalism do you have if you are attacking your opponent for entering what is the risk-taking of capitalism?
UPDATE (12/14): George Will: Newt Gingrich commits a capital crime
Romney, while at Bain, performed the essential social function of connecting investment resources with opportunities. Firms such as Bain are indispensable for wealth creation, which often involves taking over badly run companies, shedding dead weight and thereby liberating remaining elements that add value. The process, like surgery, can be lifesaving. And like surgery, society would rather benefit from it than watch it.
Romney surely anticipated that such an attack would come â€” but from Democrats, in the general election, not from a volatile Republican. He now understands Rep. Paul Ryanâ€™s response when Gingrich attacked his entitlement reform as â€œright-wing social engineering.â€ Said Ryan: â€œWith allies like that, who needs the left?â€