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Reply to "Occupy Newt's Brain"
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[quote=takoma]To me, the main point of the Bain controversy is in the reaction of the Republican establishment: It is sacrilegious to attack the idea of "creative destruction". I understand and (more or less) accept that it is healthy for outmoded businesses to disappear. But, in essence, the argument is that it is reasonable that the prime directive is investor profit, not productivity, and certainly not worker welfare. I think the Democratic argument will be that the Republicans put the investors above everyone else, whereas Democrats seek to protect consumers and workers, by supporting regulation that allows a fair investor profit, but exerts enough control to ensure that "creative destruction" creates something other than a quick profit for investors and a windfall for those managing the investments.[/quote]
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