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Monday, May 14. 2012

Creative Destruction

This year's Coming Attractions will include massive and distorted attacks on Mitt Romney's successful business career.


Promising young businesses need funding, and frail tired businesses must be re-built or sold for salvage. Is there a way to talk, politically, about venture capital and business competition in a way that people can relate to? I suppose buggy-whip companies and blacksmiths are a place to start.


Sorman, in Schumpeter in the White House - How to talk about creative destruction, begins:



The 2012 presidential race will be, in part, a showdown between two different models of economic growth. President Barack Obama and his Democratic administration will defend the once-discredited and now-resurgent theory that government must act as the economy’s “tutor” and use public funds to stimulate it. The Republican nominee, presumably Mitt Romney, will advance the free-market argument that the main source of new growth is the innovative energy of American entrepreneurs and that government needs to get out of the way.


Posted by Bird Dog in Politics at 17:45 | Comments (7) | Trackbacks (0)

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Will this fit on a bumper: "toward subsidiarity through initiative and referendum and primary challenge" --?
#1 buddy larsen on 2012-05-14 20:42 (Reply)
Jeeeez --and how many wars have lit the fuse on 'the question of Spain'?

[url]http://www.financialsense.com/contributors/jr-nyquist/a-bumpy-ride[/i]
#2 buddy larsen on 2012-05-14 23:10 (Reply)
http://www.financialsense.com/contributors/jr-nyquist/a-bumpy-ride]
#3 buddy larsen on 2012-05-14 23:11 (Reply)
--to the 'two different models' might I add in all seriousness a third model?

Oliver Cromwell's 1653 address dissolving the Rump Parliament:

QUOTE:
It is high time for Me to put an End to your Sitting in this Place, which you have dishonoured by your Contempt of all Virtue, and defiled by your Practice of every Vice;

Ye are a factious Crew and Enemies of all good Government; Ye are a Pack of mercenary Wretches and would, like Esau, Sell your Country for a Mess of Pottage; and like Judas, betray your God for a few Pieces of Money; Is there a single Virtue now remaining amongst you?

Is there one Vice that you do not possess? Ye have no more Religion than my horse! Gold is your God: Which of you have not bartered your Conscience for Bribes?

Is there a Man amongst you that has the least care for the Good of the Commonwealth?

Ye sordid prostitutes! Have you not defiled this Sacred Place, and turned the Lord's Temple into a Den of Thieves by your immoral Principles and wicked Practices? Ye are grown intolerably odious to the whole Nation.

Your Country therefore calls upon me to cleanse the Augean Stable, by putting a final Period to your Iniquitous Proceedings in this House, and which by God's Help, and the strength He has given Me, I now come to do.

I command ye, therefore, upon the Peril of your Lives, to depart immediately out of this Place; Go! Get out! Make haste, ye Venal Slaves, begone!


...at that he brandished the Most Revered Ceremonial Sceptre of the House of Commons, said, "Here, take this fool's bauble!" and threw it to the Sgt at Arms.
#4 buddy larsen on 2012-05-14 23:31 (Reply)
I'm still trying to reconcile "venal" and "slave."
Anybody have a clue?
#5 PacRim Jim (Link) on 2012-05-15 15:21 (Reply)
--slaves to venality?
#5.1 buddy larsen on 2012-05-16 01:12 (Reply)
Romney’s successful business career is not quite what he projects. He is not an entrepreneur driven to bring excellent products to market. Not in the mold of American legends at all.

Mitt was an excellent consultant, then made his main fortune as a tool of banksters. He wants us to believe he is Henry Ford, but he is really Albert Speer.
#6 foxmarks (Link) on 2012-05-15 22:06 (Reply)

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