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Who Will Defend Capitalism
If Not The Capitalists?

Investor´s Business, by Staff

Original Article

Posted By:HollowLeg, 12/25/2012 10:24:14 AM

The fiscal cliff is exposing some brassy hypocrisy on Wall Street. Eager to score points with the White House, one CEO after another is throwing capitalism over the edge. Remarks by leading captains of industry over the past few weeks have sounded alarmingly anti-market. Some of these multimillionaires have even questioned the value of the economic system that allowed them to flourish. Here´s a rundown of some of the more disturbing murmurings coming from corporate America these days: • In a recent interview with CBS News´ "This Morning" co-host Charlie Rose, General Electric Chief Executive Jeffrey Immelt

      


Post Reply  

Reply 1 - Posted by: Spidey, 12/25/2012 11:08:34 AM     (No. 9083001)

Rich liberals decry their own wealth to inoculate themselves from being called greedy or whatever. Behind the scenes they sleep in bed layered with $100 bills,licking them as they fall asleep.

Look at the big tax cheat companies,GE,Google and Facebook.They´re all ran by liberals and they hate paying their fair share.Because something is legal,it doesn´t make it right.

The cayman Islands are going to tip over from liberal stockpiles of money.

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Reply 2 - Posted by: reilly, 12/25/2012 12:36:30 PM     (No. 9083093)


Immelt should be hung like Saddam Hussain. I´d enjoy watching. He hopes interest rates stay at zero because his company has 400 billion in debt and trades at a third of 10 years ago. Nice work Jeff!


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Reply 3 - Posted by: Ida Lou Pino, 12/25/2012 1:02:22 PM     (No. 9083117)

There´s nothing "capitalist" about GE nowadays.

It is almost totally dependent on gummint projects for its profit margins - - and those are won through politics - - not through market competition.

Any other questions?

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Reply 4 - Posted by: joew9, 12/25/2012 1:17:58 PM     (No. 9083132)

Of course the big business guys don´t defend capitalism. They can make more money by being the preferred monopoly supplier in a socialist system. They don´t have to make a better product or keep their costs down. And their business investment risk is reduced to near zero as it is protected by the socialist government. They only have to keep the politicians on their side. And they like the fact that the socialist system gets rid of their small business competitors.

Just look at how big industries scream bloody murder when the government threatens to allow private industry competition. Example: The public education system.

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Reply 5 - Posted by: krause, 12/25/2012 1:41:19 PM     (No. 9083155)

So let´s reward a spendaholic by giving him more money. Great.

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Reply 6 - Posted by: LanieLou, 12/25/2012 3:08:33 PM     (No. 9083230)

And how much tax contribution has Immelt´s GE paid in the last few years? Oh yea... zero.

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Reply 7 - Posted by: Rumblehog, 12/25/2012 9:18:21 PM     (No. 9083547)

I wish we had another Milton Friedman in the wings. Arthur Laffer is great, but who will follow him?

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