Envy, oil, silicone: catalogue of errors 1/15/12
ENVY
Let me start things off by taking my own whack at the now well-thrashed piñata of Mitt Romney’s latest pronouncement, that complaints of widening inequality are simply “envy.” I think that to some extent, in the current political climate, this attempt by Romney to claim the crown for “most out-of-touch presidential candidate since George Bush, Sr.” needs no real rebuttal; by all means let him self-destruct. Those taking the occasion to make or repeat useful points about inequality, meanwhile, have already done a fine job.
But I thought of one more point, yesterday, which I think is interesting enough to record here; I think this might be a good response if one were in a debate with Romney (and actually wished to contest his dismissal of inequality). A bit long for a genuinely good sound-bite, probably, but oh well. Here goes:
Think about it this way, Mitt. Imagine you have a friend who plans to start a company. He’s going to need a lot of start-up capital for this enterprise, say $200 million. So you and, say, 98 other friends all go in as investors; not necessarily in equal shares but all 100 people have contributed something to this project. The $200M total is reached, the company is launched, and huzzah! your investments produce a success. Or, that is, they produce growth, but not for 99% of those who made that growth possible, you included. Certainly, the amount of initial contributions varied so one would likewise expect investors’ shares of the growth to vary, but everyone should receive something. Except that 99% are receiving absolutely nothing, with all of the growth going to the enrichment of just 1 in 100, the CEO having through some chicanery or other arranged to keep all the company’s growth to himself. This is entirely contrary to how things were supposed to work, themes of “a rising tide lifts all boats” and “everyone in this together” having been constantly repeated when money was being collected. And so, naturally, you and the rest of the 99% intend to protest this outcome, vocally and aggressively. Asked to respond to your charges, the CEO shrugs disdainfully, waves his hand and pronounces them “just envy.”
And undoubtedly, Romney’s warped corporations-are-people perspective would find various reasons why this is an invalid parallel. He still insists that Romneycare and Obamacare are completely different, after all. But I’m not sure he convinces anyone else. (more…)
