Ron Bloom Quotes
Generally speaking, we get the joke. We know that the free market is nonsense. We know that the whole point is to game the system, to beat the market or at least find someone who will pay you a lot of money, 'cause they're convinced that there is a free lunch.
Bloom, Ron. Address. 6th Annual Distressed Investing Conference, Feb. 2008, New York.
Most companies in a capitalistic system compete mightily to obtain monopolistic positions so they can avoid capitalistic competition thereafter.
By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.
Ron Bloom is an American economic advisor who served as a senior official in the Obama Administration from February 2009 to August 2011. This included working as the Assistant to the President for Manufacturing Policy between February 2011 and August 2011, in the Department of the Treasury as a senior advisor to the Secretary of the Treasury, as a member of the President's Task Force on the Automotive Industry, and as senior counselor to the president for manufacturing policy. From 1996 to 2008, Bloom served as special assistant to the president of the United Steelworkers. Bloom also worked for the investment banking firm Lazard on two separate occasions, the second as Vice Chairman, U.S Investment Banking. Bloom is the vice chair and a managing partner of Brookfield Asset Management and serves as chairman of the Board of Governors of the United States Postal Service.
