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Romnesia: The Ability of the Very Rich to Forget the Context in Which They Made Their Money


Business  (tags: abuse, business, consumers, corporate, corruption, dishonesty, economy, Entrepreneurs, ethics, finance, foreclosures, government, investments, labor, law, lies, marketing, money, politics, society )

Kit
- 722 days ago - alternet.org
We could call it Romnesia: the ability of the very rich to forget the context in which they made their money. To forget their education, inheritance, family networks, contacts and introductions. To forget the workers whose labour enriched them.



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Comments

Maggie S. (40)
Wednesday September 26, 2012, 8:30 am
I read this article in an e-mail - don'ty ou just loveit? So very very true! This is one of the reasons Romney is tanking and Obama is winning! I have my issues with Obama, he is not perfect, but, he is a REAL person and that is what we need in the White House not the elitist fake!
 

Roger Garin-michaud (62)
Wednesday September 26, 2012, 9:19 am
noted,thanks !
 

JL A. (275)
Wednesday September 26, 2012, 9:31 am
Some prefer rewriting history instead of making history
 

Ben Oscarsito (338)
Wednesday September 26, 2012, 9:44 am
How Mitt Romney Got Rich Destroying American Jobs and Promoting Sweatshop Capitalism.
(AlterNet)
Romney-style capitalism means misery for working people and big money for the 1 percent.
Right now, a man whose predatory career has claimed the jobs of countless Americans is trying to wrap himself in the flag and call himself a “job creator” and “wealth creator.”
Does he mean miserable jobs in Chinese factories? Wealth for the 1 percent? Apparently that’s exactly what he means.
Republicans claim that Mitt Romney's entrepreneurial activities at Bain Capital have been good for Americans. The truth is that Romney has spent his career offshoring and outsourcing American production processes -- and associated jobs -- to countries like China where human labor is valued in the market at a very low wage rate.

Mitt Romney’s tenure as Bain’s CEO has long linked him to offshoring and outsourcing. Even today, although he is no longer in that position, Romney still makes a nice profit on undertakings done long after he left the day-to-day management of the firm.
The usual justifying claim is that offshoring and outsourcing are methods where the American entrepreneur finds the lowest labor cost of production for specific goods and services. Conservatives argue that even if there are additional shipping costs, the entrepreneur can provide goods and services at a lower price to American markets than if the product were produced at home. According to this line of thinking, American consumers are said to be winners because they can buy more for each of their dollars of income. (Never mind that those folks whose jobs were shipped overseas will not have much income to buy much of anything.)
In reality, there is nothing just in such practices. They run counter to American values and are detrimental to a decent society.
To be continued:
http://www.alternet.org/economy/how-mitt-romney-got-rich-destroying-american-jobs-and-promoting-sweatshop-capitalism
 

Brian M. (145)
Wednesday September 26, 2012, 10:35 am
The 1% and the best government that their money can buy have a survival plan:

Step 1: Jettison the 99%. Let them eat dirt.

The house is on fire, so why do we keep asking the same people who, not only started the fire, but also actively ignore the fire, to put the fire out?

We need to think outside of the box. Politics as usual is going to kill us all.
 

Terry King (108)
Wednesday September 26, 2012, 11:06 am
Romnesia... I doesn't has it!
 

Kit B. (276)
Wednesday September 26, 2012, 11:35 am

Thanks Ben and Brian has good point, we keep doing the same things and expecting a different result, isn't that the definition of insanity? Sorry Terry, you just are not rich enough for this particular disease.
 

Kit B. (276)
Wednesday September 26, 2012, 11:38 am

I don' t rely much on polls but it does seem that Romney reached his peak some weeks before the conventions, could be that people don't care for his efforts to re-make himself every few days. Trust him? I don't think so.
 

Nancy M. (201)
Wednesday September 26, 2012, 12:19 pm
"Romney-style capitalism means misery for working people and big money for the 1 percent."

Absolutely. Not that he invented it but he does seem to take it to a new level.
 

Kathleen B. (37)
Wednesday September 26, 2012, 1:22 pm
Just because we in US have separation of church & state (hopefully) does not mean that we want our government representatives to have no morals, no ethics. As a member of the 47% that Mitt disdaiins, I have a very short message for Mr. Romney, "Shut up, step off and keep stepping back to your life of obscenely over-abundant wealth, with your underpaid illegal workers.
You, Mr. Romney are an empty suit filled with your racist views, sense of entitlement and the people you scorn are your equals, if not your superiors, where it counts.
 

Kit B. (276)
Wednesday September 26, 2012, 1:48 pm

Wow! I do think Mr Romney has managed to create some anger, seems well deserved to me.
 

Mike M. (53)
Wednesday September 26, 2012, 2:43 pm
Some how I have this creepy feeling that this election will be bought and paid for by the people because no matter what. If you do not change the balance of congress and the senate so they will actually do more than impede government for the next four years we will just be in the same old sinking boat.
 

Angelika R. (143)
Wednesday September 26, 2012, 3:25 pm
That word creation is a perfect one, might make it to become word of the year after all. And stars to Kate, could not agree more. Hehe, he might do just that, rather than being a bad looser. The whole thing seemed much like a game he was playing anyway.
 

Angelika R. (143)
Wednesday September 26, 2012, 4:10 pm
someone tell that frog to please STOP eating up comments :-// Giving up..
 

Tal H. (8)
Wednesday September 26, 2012, 4:31 pm
This is not surprising :/
 

Tamara Noforwardsplz (185)
Wednesday September 26, 2012, 4:39 pm
Due to the fact that I am among polite company, I will not state all of the things that I really think about Romney, but I will say this, when it comes time to vote I believe I will have developed a case of Romnesia and forget to vote for that waste of environmentally endangered space!
 

pam w. (191)
Wednesday September 26, 2012, 5:13 pm
You're right, Kit....he IS making people angry! And, JMHO, but I think a lot of it is because he's revealed his belief that Americans are stupid enough to vote AGAINST their own best interests.

At least many of us are NOT that stupid!

We hope.

 

Kit B. (276)
Wednesday September 26, 2012, 5:51 pm

Tamara, you made me laugh out loud.

Pam, you know me - I take nothing for granted, I will not put much hope in polls and just keep encouraging people to get out and vote and please help get the vote out.
Obama/Biden - 2012
 

Dandelion G. (387)
Wednesday September 26, 2012, 6:20 pm
Unfortunately we are not alone in this type of thinking.

The crudest exponent of Romnesia is the Australian mining magnate Gina Rinehart. “There is no monopoly on becoming a millionaire,” she insists. “If you’re jealous of those with more money, don’t just sit there and complain; do something to make more money yourselves – spend less time drinking, or smoking and socialising and more time working … Remember our roots, and create your own success.”

Remembering her roots is what Rinehart fails to do. She forgot to add that if you want to become a millionaire – in her case a billionaire – it helps to inherit an iron ore mine and a fortune from your father, and to ride a spectacular commodities boom. Had she spent her life lying in bed and throwing darts at the wall, she would still be stupendously rich.

I don't wish ill on anybody, but in this case I make an exception, along with others that think along this vein. I know there are extremely well to do that remember that others have not had such good fortune presented to them. These people who forget the saying, "there by for the grace of God, go I" should thank their lucky stars and show some humility at the very least.

 

Craig Pittman (45)
Wednesday September 26, 2012, 6:22 pm
That sums it up very nicely. Thank you Kit. Someday perhaps people will decide they've had enough and form a political party that will turn the sad status quo upside down.
 

wendy webber (28)
Thursday September 27, 2012, 1:59 am
I am going to have to pass this one on.Should I put it in my "dictionary" of words on the PC for my spell check? Hmmmmmmm...he is just such a doof......unfortunately, a dangerous one.I really hope everyone utilizes their right to vote, no matter how at odds we might feel about particular issues.Mittwitts version of America is not my idea of "doing the next right thing". I feel if I don't vote, than I am victimizing myself. I hope you saw the video from Thruthout about Romneys pro- choice stance over all those years and NOW look at him.
 

Kit B. (276)
Thursday September 27, 2012, 9:47 am

“Any gratitude toward the country we’ve all built, Romney seems to be saying, is misplaced. Instead, the feelings Romney regards as proper ones for the rest of us to assume are a cheerful appreciation of the wealthy and an eager resolve to be just like Mitt—and also a little nicer to him. Romney has reduced the great issues of fairness and a just society to the rather boring question of whether people are being fair to him and his friends, and whether they admire his fine qualities. Among other things, this cannot help him electorally: What is less attractive than a manifestly lucky man sulking about how everyone is jealous of him?”
---Mother Jones ---
 

Kenny V. (1500)
Thursday September 27, 2012, 10:57 am
noted
 

Christopher Fowler (84)
Thursday September 27, 2012, 1:33 pm
I'm with Maggie S on this one. Obama is not perfect, who is after all, but at least he gets it. Romney and Ryan do not get it and probably never will.
 

llouise Woychesko (1)
Thursday September 27, 2012, 4:50 pm
Thanks. Love the title. Accurate
 

Lin Penrose (92)
Thursday September 27, 2012, 6:01 pm
Thanks Kit. Money (A.K.A. energy), a resource/goal from billions of non-renewable resources, is the end goal for many humans. Romney, Ryan, Obama, all leaders, along with their unknown/untold ancestors.

Several side trips (egos, power, pleasures, control over others and their resources,physical and mental for their pictures of survival,without regard to where the resources come from, or if they can continue to supply, is a strange and destructive goal. Unless we humans are parasites combined with virus life forms. Short term thinking/intelligence and lack of instinctual actions. There are no boundaries for that type of species. Longer-term existence is questionable.

We must give back equal Quality (life = energy) for what is taken. Symbiosis is the answer. Who of our current leaders or would be leaders, offers that possiblity?

We humans can become symbiotic again, with our increased knowledge. We chose and choose our leaders to find the right future paths, even though our choices are limited by decisions of the past. Tnink long term, even though it hurts in our present.
 

Robert B. (57)
Thursday September 27, 2012, 8:31 pm
Me and my wife have been volunteering for the Obama campaign and every time Mitt for brains and his lying sidekick speak it just makes us work that much harder for Obama.
 

Lloyd H. (46)
Friday September 28, 2012, 7:13 am
Christopher, I must disagree with you. They do get it, they know exactly what they are doing and just exactly who is going to have to pay the price, just like every other Repug/Tea Bagged politician, to make their plan to enrich the rich work. They know and they do not care. For them and their ilk, the poor, the old, the sick, the Veterans are no longer assets they are liabilities which not only makes them un-necessary but a detriment to be eliminated.
Dear God, the very concept that American Citizens do not have a right to Life, Liberty and the Pursuit of Happiness which requires at the barest minimum food, shelter and medical care is not just Un-American it is Anti-American, it violates the most basic ethical and moral standards, it reduces American citizens to the status of resources - use what works and send the rest to the landfill, which in this case is Paupers graveyard.
 

Kit B. (276)
Friday September 28, 2012, 9:38 am

America only works when we recognize and fully appreciate those who we call the "working class" which is of course most of us. The wealthy reap the benefits of those who work unappreciated each day, we are not asking them for their wealth or the goodies they have obtained, we ask only for a fair day's pay for fair day of work. We also dare to ask them to actually pay their share of taxes.
 

Yvonne White (232)
Friday September 28, 2012, 10:35 am
I love that word - Romnesia: the ability of the very rich to forget the context in which they made their money. To forget their education, inheritance, family networks, contacts and introductions. To forget the workers whose labour enriched them.
Clearly every RepubliCON gets it!
 

Cam V. (417)
Friday September 28, 2012, 4:22 pm
Romney and his wife have been extremly generous over the years Kit. He took not one cent as Governor and not one cent when he dragged the Olympics out of the abyss. He is a good man. A very good man.
 

Dandelion G. (387)
Saturday September 29, 2012, 7:34 am
Most humans aren't thoughtless 100% of the time but that doesn't make them nice people either Cam...
 
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