Colbert I. King wrote about candidate Romney saying the he is conflicted in what he knows about the private sector. First of all, who is Colbert I. King?
“He is a Pulitzer Prize-winning columnist for the Washington Post. He is deputy editor of the Post’s editorial page. King earned his Bachelor of Arts degree in government from Howard University in 1961. Before joining the staff of the Washington Post on August 1, 1990, King served as:
- U.S. Army officer with the Adjutant General’s Corps (1961–1963)
- Special officer for the United States Department of State (1964–1980)
- Worker for the Volunteers in Service to America (1971–1972)
- Minority staff director of the United States Senate Committee on the District of Columbia (1972–1976), where he helped draft the District of Columbia Home Rule Act
- Deputy Assistant Secretary of the U.S. Treasury Department (1976–1979)
- U.S. executive director to the World Bank (1979–1980)
- Executive vice president of the Middle East and Africa at Riggs Bank (1980–1990)
In 2003, King won the Pulitzer Prize in Commentary ‘for his against the grain columns that speak to people in power with ferocity and wisdom.’”
King has a lot of public sector experience though he also has banking experience and that is where he intersects with the private sector.
With his banker’s hat on, King observes about Romney:
- Romney knows how to make money.
- Romney made $250 million that Kings says is a testament to creative abilities, a strong work ethic, a focused mind and keen understanding of the economic environment.
- Romney knows how Americans can reap a better return on the investments.
- Romney understands how the economy works and that he should use the campaign to explain the private sector’s critical role.
Well, yes that is all true. This little tongue in cheek diatribe against Romney’s “betraying his calling” nails a major point. Capitalism is aimed at making profits and not creating jobs. Capitalism isn’t patriotic and neither are capitalists necessarily. That point begs the question, can capitalism produce a sustainable economy when its motivation is profit-driven and not altruistic and socially responsible?
True is capitalists can demonstrate patriotic and socially responsible behavior as that is an option. I should add, that King thinks Romney should play his experience card better.
“Romney denies what he knows about the private sector
By Colbert I. King, Published: July 6
Mitt Romney is betraying his calling.
He brings to the presidential race a record of accomplishment to which few White House contenders can lay claim: W. Mitt Romney knows how to make money.