Bain’s Not Romney’s Weakness, It’s His Strength

Predictably, opportunistic GOP rivals want to attack Mitt Romney’s career at Bain Capital as proof that he’s heartless, greedy, etc. This is unsurprising, as these GOP rivals (except Ron Paul) don’t favor free and voluntary markets, they favor particular businesses (those that contribute to their campaigns, first and foremost).

They talk about being pro-business, but they truly favor only businesses that favor them and advance their interests. (The GOP is sadly riddled with Republicans like this, at the federal, state, and local level.)

His work at Bain is probably the best thing Romney has ever done, and surely better than his time as governor of Massachusetts. For that matter, it’s better than any public work either his GOP rivals or Pres. Obama has done.

Why is that? It’s because the market is a place of peaceful, voluntary transactions between parties for mutual benefit. Romney didn’t confiscate anyone’s earnings through taxes, impose regulations on others, or start any wars while he was at Bain Capital. (He made two of those three mistakes while governor, but his rivals can say no better for their time in state or federal office.)

In fact, if Romney spent each and every day at Bain doing nothing, it would still be better than expanding the reach of regulatory agencies or grandstanding about bogus public accomplishments.

There’s much about Romney about which one should be skeptical, but his time at Bain is not one of them.