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Romney's Former Bain Partner Makes a Case for Inequality and Writes What Will Probably Be Most 'Hated Book of the Year

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At www.nytimes.com

The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy -- Ever since the financial crisis started, we've heard plenty from the 1 percent. They typically repeat platitudes about investment, risk-taking and job creation with the veiled contempt that the nation doesn't understand their contribution. You get the sense that they're afraid to say what they really believe. What do the superrich say when the cameras aren't there? Well, Romney's ex-partner at Bain, Edward Conrad, aggressively argues that the enormous and growing income inequality in the United States is not a sign that the system is rigged. On the contrary, Conard writes, it is a sign that our economy is working. And if we had a little more of it, then everyone, particularly the 99 percent, would be better off. This could be the most hated book of the year...

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At www.nytimes.com


 

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