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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Jan 13, 2012/ 18 Teves, 5772

Don't Abandon Capitalism

By Linda Chavez



http://www.JewishWorldReview.com | It's bad enough when Democrats start playing class warfare, but when Republican presidential contenders begin using phrases like "vulture capitalism," it's time to be really worried.

It's easy to dismiss as sour grapes Newt Gingrich and Rick Perry's attacks on Mitt Romney and Bain Capital, which Romney co-founded. It's no coincidence that the attacks are getting nastier in South Carolina, site of the next presidential primary and perhaps the last chance one of the challengers has of stalling Romney's path to the nomination. But Romney's critics should be ashamed of themselves for promoting anti-business stereotypes.

The left has always treated wealth as suspect. If one person becomes rich, the assumption is that it is at another's expense, which is why the left believes government has the obligation to redistribute wealth.

But it isn't just the left that has a poor understanding of wealth creation or how free-market capitalism works. A growing number of populist conservatives are deeply suspicious of corporate America, too. You can hear it in their rhetoric about everything from the bank bailouts to immigration.

Corporations seem to be the new villains for everyone to hate. And no candidate in recent memory quite invokes the corporate image as much as Mitt Romney. He is the son of a car company executive. He looks like he just stepped off the pages of Fortune magazine. And it turns out that he made his own fortune heading up a private equity firm that specialized in corporate takeovers.

Bain Capital's model was to identify underperforming companies; tighten or replace management; and make them profitable as quickly as possible — which often meant cutting jobs, at least initially. And since Romney and Bain are so closely identified, the implication is that Romney got rich by destroying jobs.

Bain also invested in younger and riskier enterprises than some other private equity companies, which meant a fair number — about one in five — ended up failing despite Bain's involvement. Nonetheless, Bain also helped create more than an estimated 100,000 additional jobs by providing the equity for companies such as Sports Authority. Yet some people seem to think it's immoral for Bain — and Romney — to make money if any jobs were lost.

But is it really fair to blame Bain Capital or Mitt Romney? Not every takeover will be successful, and even the successful ones entail pain in the beginning. Private equity companies that specialize in turnarounds don't usually get involved unless the company is already struggling. And like all companies, the purpose of private equity firms is to earn a profit for investors who have risked their own money.

The alternative would be to treat companies as if their primary purpose is to provide employment rather than turn a profit. That system might work for a while — a very short while. But it would destroy innovation, reduce productivity and ultimately make everyone, including workers, poorer.

If a company isn't profitable, it won't stay in business, even if the owners are pure altruists. Companies fail for lots of reasons: Their products or services are inferior, they lose market share to competitors or they become bloated and inefficient. Turnaround firms like Bain Capital specialize in solving the last problem.

But in order to get a company back on its feet, someone has to make tough decisions by eliminating positions that are extraneous, cutting jobs that aren't vital to the bottom line and trying to produce more or better products and services with fewer people.

The country could do a lot worse than electing a president who knows how to do exactly that. After all, one of the biggest problems facing the new president will be dealing with the debt we've accumulated running a Leviathan federal government. Who better than someone who has cut costs for years in the private sector to bring those same skills to the job of president?

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.)

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