Wednesday, January 11, 2012

Vulture Capitalism

Someone quoted the Dalai Lama the other day saying that the essence of Buddhism was being kind. Or maybe it was being nice. Or maybe it doesn't matter.

Yesterday there were criticisms of Mitt Romney because he failed with his assistance in the takeover at Kansas City's Worldwide Grinding Systems steel mill. Newt Gingrich claimed this was the wrong type of capitalism. He did not acknowledge that Romney was hugely successful as a takeover artist and in the end probably created far more jobs that he lost. What would kitten capitalism be? Would you go into a failing company and tell everyone that they could keep their jobs, and that nothing would change, and hopefully things would get better?

In this case "nice" or "kind" is not so obvious. Is "have a heart" always the best policy?

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