The attacks on capitalism and free enterprise hurled by Newt Gingrich and Rick Perry have been very difficult to watch. Economic policies matter, and as we know, capitalism has lifted millions out of poverty around the world and is a key principle of freedom that makes our country a beacon for the world. I post this story not as support or endorsement of any candidate, but as an endorsement of free markets, entrepreneurship, innovation, and job creation that occurs when our economic system is allowed to work.
Presidential candidate Rick Perry’s criticism of Mitt Romney’s business past had a boomerang effect Thursday, costing him the support of a prominent Republican in South Carolina.
Investment fund executive and top GOP donor Barry Wynn told The Associated Press he was leaving the Perry fold to endorse Romney, the former Massachusetts governor. Wynn said Perry’s attacks on Romney’s time at the helm of the private equity firm Bain Capital had crossed the line in a political party that values free-market capitalism.
“I’ve been fighting for this cause most of my life,” Wynn said. “It’s like fingernails on the chalkboard. It just kind of irritated you to hear those kind of attacks.”
