How to Be a Good Capitalist, Politically Speaking
If there's one thing this presidential campaign has driven home, it's that not all kinds of capitalism are created equal when it comes to politics.
The first indicators came during the Republican primaries, when former House Speaker Newt Gingrich and Texas Gov. Rick Perry attacked Bain Capital-style capitalism. Perry even branded onetime Bain CEO Mitt Romney a vulture capitalist. The season has moved on -- in fact, Perry campaigned for Romney last week in Elk City, Nev. - and the rhetoric has subsided.
But the reality is turning out to be quite problematic for Romney. Some kinds of free enterprise - such as a small family business - are perfect resume entries for a political candidate. But certain kinds of high-flying capitalism come across as cold-blooded and indecipherable, and they're vulnerable to attack. Anything that involves the phrase "creative destruction," for instance, would be risky.
What Romney is going through now is an experience neither major party may want to repeat. So if you are interested in running for president, here's how to preserve your future viability:
The first indicators came during the Republican primaries, when former House Speaker Newt Gingrich and Texas Gov. Rick Perry attacked Bain Capital-style capitalism. Perry even branded onetime Bain CEO Mitt Romney a vulture capitalist. The season has moved on -- in fact, Perry campaigned for Romney last week in Elk City, Nev. - and the rhetoric has subsided.
But the reality is turning out to be quite problematic for Romney. Some kinds of free enterprise - such as a small family business - are perfect resume entries for a political candidate. But certain kinds of high-flying capitalism come across as cold-blooded and indecipherable, and they're vulnerable to attack. Anything that involves the phrase "creative destruction," for instance, would be risky.
What Romney is going through now is an experience neither major party may want to repeat. So if you are interested in running for president, here's how to preserve your future viability:
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