Libertarian Party: Businessmen are bad for capitalism

The following is a statement from Libertarian Party spokesperson Andrew Davis:

November 14, 2008

Contact: Andrew Davis
E-mail: [email protected]
Phone: 202-731-0002

Businessmen are Bad for Capitalism, Says Libertarian Party
CEOs and Government Assistance Stand in the Way of Economic Turnaround

WASHINGTON, D.C. - “CEOs and government ‘altruism’ are standing in the way of effective economic turnaround,” says Libertarian Party spokesperson Andrew Davis.

“Businessmen are bad for capitalism when they use the government as life support for failing ventures,” explains Davis. “Instead of letting other companies absorb these failing businesses, CEOs and government bailouts have distorted the natural forces of capitalism and prevented the necessary—and effective—economic turnaround that only comes through an unfettered free market. These bailouts do nothing but prolong the inevitable collapse of companies suffering from extreme mismanagement and poor investments.”

“The Libertarian Party is adamantly opposed to any sort of bailout of American corporations who, through their own mismanagement, find themselves at the brink of failure,” says Davis. “This includes Detroit auto manufacturers who have failed to keep up with trends in the automotive industry, locked themselves into destructive union contracts and have demonstrated a complete lack of initiative in automotive innovations that make their products enticing to consumers.”

“Should the government bail-out Detroit, it will essentially create a white-collar soup kitchen for American corporations looking for a handout,” Davis observes.

“There is no incentive for managerial reform when government provides a safety net for crooked CEOs,” says Davis. “And taxpayers end up paying their million-dollar bonuses.”

Davis says the solution is not more bailouts and more regulation, but “giving the natural forces of capitalism the time it takes to correct the mistakes of the past by letting failing companies be absorbed and reformed by bigger and stronger entities.”

“This, of course, is not without its share of hardships,” Davis explains, “but it will be the most effective plan for long-term economic stability. There are countless examples in American history where big corporations have faltered and failed, and were replaced by new businesses that became bigger and better. Had government stepped in at the time, it would have only prolonged the misery.”

“We must not mistake this type of pro-government regulation as true capitalism,” says Davis. “President Bush and members of Congress from both sides of the aisle have created a new economic vision of loss-free capitalism, which simply does not exist in reality. The so-called fiscal conservatives have adopted a new philosophy of economic altruism that is based on corporate welfare and market regulation.”

For more information on this issue, or to arrange a media interview, please call Libertarian Party Director of Communications Andrew Davis at (202) 731-0002.

The Libertarian Party is America’s third largest political party, founded in 1971 as an alternative to the two main political parties. You can find more information on the Libertarian Party by visiting The Libertarian Party proudly stands for smaller government, lower taxes and more freedom.

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Content not authorized by any candidate or candidate committee.

11 Responses to “Libertarian Party: Businessmen are bad for capitalism”

  1. disinter Says:

    Oh dear lord… the retard caucus gets more retarded by the day. The party is FUBAR.

  2. Cork Says:

    LOL. Yup. The LP gets more lame by the day. Honestly, it’s just embarrassing.

  3. Roscoe Says:

    Disinter and Cork, please give us the wisdom of what you would have said instead.

  4. Libertarian Joseph Says:

    Let me guess, posted by Cody “fascist” Quirk?

    anti-lp, pro-cp, what a pathetic human being he is.

  5. Michael Seebeck Says:


    The title itself is very bad, and the context is totally warped because of it. Did teh oversight committee review this?

    “Businessmen” should be replaced with “Corporatist Executives and the Politicians they Own”. Then it gets closer to making sense.

    Fix the title and the first sentence of the Davis ramble and it improves immensely very quickly.

  6. Jake Says:

    I’ve always been impressed by the professionalism of the national LP organization and I continue to be impressed.

    The writing is simple, to the point, and effective.

    I’m also glad to see them in the trenches, fighting the good fight, day after day.

    The CP is like a religious cult and you’ll find their activists around trying to poison the well, but don’t let them define your thinking.

    These press releases are designed for broad appeal, they are written effectivley, and the style should not change.

  7. Pollster Says:

    The story could have been better written. The headline is terrible - just replace “businessmen” with “Bailout Execs”.

    Who was the “spokesman”? Andrew Davis is given as the contact. Anonymous spokesmen are not credible. It looks cowardly. The LP must raise its game to be taken seriously.

  8. Michael Seebeck Says:

    Pollster, look at the first sentence. Davis is the Contact and the spokeshole.

  9. Mik Robertson Says:

    The ideas of the release are good, but the headline is absurd since, in fact, businessmen are essential for capitalism. Is the idea here capitalism or free markets?

  10. Jonathan Says:

    It was actually a good year for Third Partys.
    It sure was better than 2004 .
    Nader had his 2nd best showing in 5 tries
    Barr is only 2nd Libertarian to surpass 500,000 votes.
    Baldwin was the highest vote getter in Constitution Party history for Prez.
    In Florida, where I live there were numerous Libertarian victories, more than ever.
    Please read my UPDATED Third Party election results article:

  11. DonaldRaymondLake Says:

    Oh Jonthan, Jonthan, Jonthan. Get a grip, it was a horrible end for what could have been THE Year for non Democans and non Republicrats. What have you been smoking or drinking? Your familly motto: “Every one is out of step but us!”

    Hey, how did that Bob Barr 2008 thing work out for you?
    I almost hate to bring it up….

    Infact, any one with a moniker starting with “Jay” look the other way and do not read the following:

    Digg it AIM Seeking opinionated Midwest Voices columnists
    The Kansas City Star
    By the end of this year, we’ll thank and say farewell to our Midwest Voices panel of 10 provocative/funny/liberal/conservative/moderate contributors. Each Saturday on a rotating basis, and many more times a week on the voices blog (, a Midwest Voices writer speaks out with his/her personal opinion on current affairs.

    If you would like to be considered a candidate to join the ’09 panel, now’s the time to apply.

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    Past contributors have included lawyers, scientists, at-home moms, doctors, social workers, journalism school grads who pursued other paths, novelists, historians, business owners, accountants, laborers, job-hoppers and public policy experts.

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