CounterPunch October 29, 2012
The Real Wealth Creators The Romney Doctrine by GENE GRABINER The Real Wealth Creators The Romney Doctrine by GENE GRABINER In May of 2012, Mitt Romney made his now famous 47% speech to a secret group of very wealthy donors. In this presentation, we see the “Romney Doctrine” in full relief. In fact, we rarely, (perhaps never), have seen a more open class analysis of our country made by a presidential candidate. In it, Romney has laid bare the fundamental contradictions in American economic life for the past 35 years. His view of the broad masses of the American middle class, working class and poor people can only be seen as one of disdain and condescension. His analysis offers rare insight into the world of the so-called “job creators,” and begs an answer to the issue, “how is wealth actually produced?” Take my father, for example. He was a small businessman, a jobber or factor in the New York City garment industry. In the 1950’s, he employed a number of women to create innumerable sample cards of buttons and ornamental pocketbook snaps which would then be offered to various coat houses and pocketbook manufacturers for their fall and spring lines. Deals were struck, contracts signed, and my dad would put these deals together with other large manufacturers for thousands of pieces at a time, which they would deliver to the coat and pocketbook firms. He paid the women in his shop the 1955 75¢ per hour minimum wage. He paid them for control of their life’s activity for eight hours per day. But he didn’t pay them for eight hour’s work; he paid them for working eight hours. And that’s a big difference. full: http://www.counterpunch.org/2012/10/29/the-romney-doctrine-2/
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