George Will discusses the latest dust up between Romney and Gingrich. Bottom line: Gingrich was wrong to criticize Romney for “committing acts of capitalism” while working at Bain Capital.
Gingrich did so when goaded by Romney regarding his, Gingrich’s, self-described service as a “historian” for Freddie Mac, which paid him more handsomely than anyone paid Herodotus.
Will’s description of Schumpeter’s creative destruction:
The process, like surgery, can be lifesaving. And like surgery, society would rather benefit from it than watch it….
We should not expect Gingrich to understand this [creative destruction] until he understands that his work for Freddie Mac was not, as he laughably insists, in “the private sector.”
Reason Gingrich does not see his obvious contradictions.
He [Gingrich] seems to believe there is always some higher synthesis, inaccessible to lesser intellects, that makes all his contradictions disappear.
