Even more than its history loading companies with debt, reaping massive financial rewards, and then taking off when things went south and these firms had to file for bankruptcy, Bain Capital’s outsourcing alienates the blue-collar workers Romney’s fervently courting. The easily transferable inference an uninformed voter could make is that Romney’s wealth not only results in his living a different lifestyle than the rest of us, but that it’s a wealth he amassed by, in his business practices, living in a different country. Anyone familiar with the nuances of a globalized economic order is likely to find the distinction between downsizing and outsourcing curious or even nonsensical; but nationalism remains a potent force in American politics, easily superseding class. Why I’m Writing So Much About Bain ☀
Monday 16 July 2012
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