Mitt Romney, Corporate Raider

Both political parties today are little more than bagmen for Big Business, of course, but Republicans do provide a little value added to the Wall Street crime syndicate. They are true believers that the world belongs to the 1%.

I'm reminded of this reading an interesting account of Mitt Romney's days as a corporate raider. I'm old enough to remember a time when people expected to have careers with one company — both working- and middle-class workers, in the office and on the factory floor. But the "shareholder value" revolution that Romney participated in as a corporate raider shifted the priority of American business from stability, which had some value to workers, to short-term growth, which was good only for speculators.

This is the economy we have today. CEOs making hundreds of times more than the average worker; jobs exported to the most exploitative global labor markets; in short, a numbers game for the biggest high-rollers. Mitt Romney helped to bring it about. We need to remember that as he campaigns to be our next President.