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Barack Obama, private equity king
If we’re going to fight all year about the Larger Significance of private equity, it would be nice if we could move beyond dueling cartoons. The clash between “Bain personifies capitalism’s heartless evil run amok” and “Bain exemplifies the ‘creative destruction’ that is capitalism’s genius” offers little insight for those not already addled by ideology. Since a subtler assessm...
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Summary
If we’re going to fight all year about the Larger Significance of private equity, it would be nice if we could move beyond dueling cartoons. The clash between “Bain personifies capitalism’s heartless evil run amok” and “Bain exemplifies the ‘creative destruction’ that is capitalism’s genius” offers little insight for those not already addled by ideology.
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