Jason Hartman and Ed Conard, founding partner of Bain Capital, discuss the current economic situation facing America. Conard is the author of Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong, and The Upside of Inequality: How Good Intentions Undermine the Middle Class. The conversation includes discussion on CEO pay, the tech industry, and the impact of current regulations on competition in the marketplace.
[1:28] Ed the tremendous growth Bain Capital was able to achieve while he was there with Mitt Romney
[3:30] Bain Capital offered clients the ability to invest in capital management and management supervision deals
[5:07] Bain Capital also used a higher risk strategy, which allowed them to capitalize on investments in undervalued assets.
[7:21] The Upside of Inequality explores the American workers productivity
[12:18] The US economy is accelerating and the Fortune 400 continues to have turnover, which are both good signs for our country
[14:47] CEO pay may grab headlines, but it may not be quite so outlandish
[19:36] Tech companies pay less taxes and have fewer regulations
[21:22] Profitability in the tech sector continues to grow
[22:23] There’s a profitability squeeze in most of the economy
[24:45] Trained talent and risk tolerance are the limiting factors to growth in this new economy.