This is fantastic. Check the video below. It looks and sounds like a Michael Moore, i.e. a left-wing documentary, in its critique of unrestrained capitalism. The focal point of critique is Republican forerunner Mitt Romney, who during the campaign has always touted his ‘private sector experience’ as an aid in creating jobs as president. Yet Romney was CEO of Bain Capital, an asset management company specializing in private equity and venture capital; in other words, a company that buys other companies to ‘restructure’ them, fire lots of people, and re-sell it to make huge profits out of it. It made Romney a millionnaire.
While some people might see such a company as a necessary feature of free market capitalism, others might see it as Gordon Gekko-style profiteering over the backs of other people. That’s at least what Newt Gingrich, whose campaign has created this 28-minute video, seems to imply. Yes, Gingrich, one-time leader of the Republican Revolution, Speaker of the House and prominent conservative, who got trashed by Romney in Iowa. You gotta love this.
It’s funny to me how die-hard Republicans are now adopting Occupy Wall Street language in order to defeat one another. Obama can sit back and enjoy while Romney’s image is trashed among blue-collar workers. And seriously: while the physical manifestation of Occupy may have disappeared in cities, they have struck a note in their critique of financial capitalism that is still resounding. Even in the Republican Party.