It’s not about capitalism vs. “socialism.” It’s about choosing what kind of capitalism we want. It’s about the future, and deciding what kind of economy we want. It’s about deciding who and what our economy is for. It’s about something most Americans can understand a lot more readily than the financial engineering that drives private equity. It’a about greed or fairness.
The 2012 presidential election may go down as one of the strangest political seasons in recent memory, for the simple reason that the influence of the financial sector in politics, policy and the economy has caused Republicans to sound like Democrats and Democrat to sound like Republicans — usually with confounding results.
My first reaction to the now-famous Washington Post story of how an 18-year-old Mitt Romney bullied and assaulted a...
Told ya so. I said earlier that Newt Gingrich had pretty much written the script for atleast one Democratic television spot, with his double-barreled attack on Mitt Romney’s vulture capitalist career at the helm of Bain Capital. I just didn’t think I’d be saying “I told ya so,” this soon.
Where austerity goes, violence and unrest follow. The danger lies in the unpredictable nature of public anger, once ignited. When sparks fly, there’s no telling where they catch fire or who will get burned.