Romney, while at Bain, performed the essential social function of connecting investment resources with opportunities. Firms such as Bain are indispensable for wealth creation, which often involves taking over badly run companies, shedding dead weight and thereby liberating remaining elements that add value. The process, like surgery, can be lifesaving. And like surgery, society would rather benefit from it than watch it.Politicians, of a certain sort, would rather demogogue it.
UPDATE: Expect this old photo of Romney (that's him in the center) to be used against him should he win the GOP nomination. (Or sooner.) Unless they can find a better one, say, of him spitting on an unemployed factory worker in a bread line.
Anyone want to bet $10,000?
No comments:
Post a Comment