The Bain Legacy

Source: David Moberg, In These Times, Vol. 36 no. 9, September 2012

Will Mitt Romney’s job-destroying past be our future?…Despite Romney’s claim to be a job creator (the honorary title Republicans bestow on all rich people), that world is one where the extra dollar in a millionaire’s pocket is always worth more than someone’s job…. It’s hard to imagine what evidence Romney could muster to defend modern capitalism. The results of the past 30 years have not been inspiring. They include an immense shift in wealth from the working class to the very rich, near-record inequality and, for the majority of Americans, declining social mobility and growing economic insecurity. In addition, these decades have been punctuated by frequent and increasingly serious financial scandals, abuses and crises….

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