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John Cronin

A Capitalist Manifesto

October 13th, 2008 | 8 Comments | Posted in Business, economy

Here is a brief excerpt from an article in the Monday, Oct. 13, 2008 edition of the Wall Street Journal print edition. It is so ironic to see the same, not similar, but the same things that you have written about on Committed to Romney on the pages of the Journal. If you have not read the article, please take a few minutes to check it out.

~~John Cronin~~

WSJ Oct. 13, 2008

By: Judy Shelton

These days, it seem difficult to defend the efficacy, let alone the morality, of an economic approach to human interaction that is now blamed for having put the entire global economy at risk. But that is exactly what we need—-most importantly, from America’s next leader.

Sometimes it takes an outsider to help us gain perspective. Deep within the condemning speeches delivered by Mr. Sarkozy, ( President of France ) both in New York and Toulon, are the grains of a new approach to capitalism that should give Americans reason to hope, not only for economic salvation but for a sense of redemption on a deeper level. France’s President held out the possibility that all is not lost, that we can fix what is broken. “”The financial crisis is not the crisis if capitalism,” according to Mr. Sarkozy. “It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.”

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