Sunday, September 9, 2012

Romney’s Success at Bain Capital: The Business as Scam Model

In short, Bain Capital is not about producing wealth but rather about siphoning off wealth that was produced elsewhere in the economy. There is no doubt that one individual or one company can get enormously wealthy if they are able to do this successfully. However you cannot have an entire economy that is premised on the idea that it will siphon off wealth produced elsewhere. It is not clear that Mitt Romney understands that fact, but certainly the general public should when it goes to vote this fall.


1 comment:

  1. There should be more support given to the small scale businesses as they could not compete with those of the high rollers i the business industry. Just for a more fair environment.
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