Friday, January 13, 2012

Capitalism Under Siege

What do Warren Buffett and Newt Gingrich have in common? Actually, quite a lot. They both relish being in the spotlight and both dote on the sound of their own voice. Now, they have both joined the Rick Perry choir denouncing private equity as some kind of evil pursuit. Strange since all three -- Perry, Gingrich, and Buffett -- have all benefitted financially in a big way from private equity activities (or it's equivalents).

What next? Why not condemn LaBron James since his existence, no doubt, led to a basketball player losing his job.

Where does this absurdity end?

It's beginning to look like Romney may be an attractive candidate, if only because only he (and Ron Paul) seem to favor capitalism over the alternatives.

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