Edward Conard is Mitt Romney’s former partner at Bain, and he’s not afraid to have an honest conversation about wealth:
A central problem with the U.S. economy, he told me, is finding a way to get more people to look for solutions despite these terrible odds of success. Conard’s solution is simple. Society benefits if the successful risk takers get a lot of money. For proof, he looks to the market. At a nearby table we saw three young people with plaid shirts and floppy hair. For all we know, they may have been plotting the next generation’s Twitter, but Conard felt sure they were merely lounging on the sidelines. ‘What are they doing, sitting here, having a coffee at 2:30?’ he asked. ‘I’m sure those guys are college-educated.’
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