Power of Story Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 (3 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
General News

Capitalism is about pleasing shareholders, not creating jobs

Quicklink Submitted By       Message Hamid Zangeneh     Permalink

Related Topic(s): ; ; ; ; ; ; , Add Tags  

View Ratings | Rate It

opednews.com Headlined to H3 7/24/12

Author 54286
Image uploaded from a quicklink
Copyrighted Image? DMCA
Mitt Romney has been repeatedly attacked for his record at Bain Capital by super PACs supporting President Barack Obama and the Obama administration.
He's said to have invested in companies that were pioneers in outsourcing U.S. jobs to low-wage countries. Although the attacks seem to be working -- a July 2 NBC News/The Wall Street Journal poll shows that 33 percent of Americans have a negative opinion of Romney's business record compared with 18 percent who have a positive opinion -- they do not represent the reality of capitalism because a capitalist's main goal is not to create jobs.
The main purpose of a firm such as Bain Capital in a free market capitalist system is to maximize profits, not to maximize revenues, sales or employment.
Read the rest of the story HERE:

At www.pennlive.com

 

- Advertisement -

View Ratings | Rate It

opednews.com

Professor of Economics, Widener University, Chester, Penna, 19013, USA and editor of Journal of Iranian Research and Analysis (www.cira-jira.com). He is a political activist in human rights. His areas of specialization are macroeconomics, (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -