My maternal-side Grandpa owned a grocery starting in the early 20s, and when the Depression hit, he became pretty well-known locally for his huge heart and willingness to extend credit for those in need - even to the point of having forgiven thousands of dollars in accounts receivable well after the time most of his customers got back on their feet again.
As I learned something about politics, I always assumed he was a fairly "typical Liberal Democrat", but my mom set me straight on that one, telling me he was a life-long Republican and near-extreme conservative who hated FDR and The New Dealers with a passion. That took me by surprise, and it made me understand that there's a kind of paradox that's always existed in American politics, but has recently begun to disappear at an alarming rate.
I guess it comes down to my favorite Tom Morris quote from his book, If Aristotle Ran General Motors: "There is no contradiction in having a hard head and a soft heart".
So anyway, this is not the heart and soul of American Capitalism, because there is no soul, no heart, and no honor in it:
This is the real deal, because this is where all the heart and the soul and the honor is in American Capitalism:
Yay Grandpa!
ReplyDeleteJRR