Why Do Democrats Think Big Business and Bankers Are the Devil?

Written by William Pauwels on February 5, 2016

by William Pauwels
and Remi Pauwels
(Clash Daily Guest Contributor)

In his concluding remarks during MSNBC’s most recent Democratic debate in New Hampshire, self-described Democrat-Socialist Bernie Sanders said, “I do believe we need a political revolution.” 
This forthright admission – that he would like to revolutionize the USA– is commendable for its honesty, if nothing else.  And when you examine his speeches and pronouncements and interviews, Sanders is clearly advocating a de facto Marxist/Socialist/Progressive-Leftist/Quasi-Communist agenda for the future USA.
Bernie is, in effect, opposed to the traditional American-Way which, for 230 years, has made the USA the most prosperous and successful nation in the history of the world. Rather than extend and improve the American-Way, Sanders – like Obama, only worse –  would like to revolutionize our nation, apparently mimicking the political and economic approach of Russia’s Vladimir Lenin in 1917.

Beyond Sanders, it’s hard to believe the level of hatred and anger that was directed at Wall Street, Banks, and Big Business in general, at that forum.  If you were from another planet visiting earth for the first time you’d think that Businessmen/Bankers are the devil;  at the heart of every problem of our society. 
It’s shocking the level of dishonesty/hypocrisy that is being spewed by the two Democratic Candidates… especially Hillary.  I wonder if their legion of followers ever wonder how most of us would finance our homes, cars, and overall lifestyles if it weren’t for our banking system?   How would most small businesses get off the ground without their financing; and what would that mean for the millions of jobs many of them are currently in?

Certainly big business and banks are not perfect, and certain regulation is necessary — but let’s not forget all the good that comes from living in a country where we have relatively easy access to capital.

Image: http://makewealthhistory.org/2012/06/14/is-capitalism-evil/

Share if you a thankful for banks and business in America.

William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.