Mitt Romney's Version Of Capitalism, part 3

Jan 13th, 2012

As attacks on Mitt Romney's years at Bain Capital have picked up steam, a veritable army of apologists has taken up the mantle of "defending capitalism." Except that's not precisely what they are doing.

Ross Kaminsky has a typically defensive piece over at The American Spectator. He begins with a caveat:

"Nobody is going to put Mitt Romney in a category with any of the great inventors of American history. Nevertheless, Romney's function in terms of "creative destruction" is not fundamentally different from that of any other participant in the capitalist system." EMPHASIS OURS

He then proceeds to bloviate that the advances brought to the world by Thomas Edison, Henry Ford, Bill Gates and Steve Jobs led to job losses, too. So there. Kaminsky's missive is a wonder of contradictions with the usual dose of "Austrian" economic voodoo.