This short video clip features a comment made by Ed Schultz on Friday while in Freeport, Illinois, broadcasting live from Bainport, the site of the protest by Sensata workers and their allies over the closing of the profitable plant by Bain Capital in order to move it to China.

Ed’s comment was a simple and straightforward one: “I’m a capitalist, but I think you can cross the line between being being a capitalist and being a greedy son of a gun that hurts middle class families across America.”

The video was shot, however, by a tea party activist by the name of Ulysses S. Arn, who describes himself as “the conservative movements warrior poet.” He labeled it: “Laugher of the Week: MSNBC’s Ed Schultz ‘I’m a Capitalist'”.

Apparently conservatives like Arn think it’s laughable for a capitalist to believe that any such lines can be crossed. And it’s becoming increasingly clear that Mitt Romney thinks the rules don’t apply to people like him, either.

Perhaps it’s time for us to start calling “free market” ideologues “laissez-faire capitalists” once again, and remind ourselves why we came to the conclusion that a regulated marketplace was needed in the first place.