Tony Lucadamo, Senior Editor at the Virginia Policy Review, contributes today's guest post, which explores whether Mitt Romney represents a new generation of consultancy leaders.
If you have not already, I encourage you to watch a recent PBS Frontline special on the Presidents entitled, “The Choice 2012.” The show’s season premiere takes an in-depth look at the backgrounds of both Presidential nominees. The most interesting point was this. Nicholas Lemann of the New Yorker remarked:
It’s a little bit like a consulting engagement. You go in. You figure out what the problems are. You fix things. You make things more organized. Then you go on to the next challenge.
Romney’s senior advisors essentially concur in later statements. Their narrative runs like a private equity assignment. He presented a product – the socially liberal, fiscally conservative Governor -- which he thought would meet demand. He then did what he could given a Democratic-controlled State legislature. In particular, he picked the issue of healthcare and made it the main issue of his four years in office.
Yet, in many ways, this alternate method is nothing new. Certainly, populism has been around for a long time. Governor Romney's Profile is perhaps an evolution of the executive-centered, efficiency-minded values that took root in the Progressive Era combined with a populism gleaned through the lens of modern business. The service sector constitutes an increasing proportion of U.S. GDP with each passing year. In that case, it should come as no surprise that this new generation of leaders is upon us. Men and women who have built their careers in private equity and consulting may increasingly seek to transfer their skills into politics. There is equal fodder for both pessimists and optimists in that case.
Continue reading this post at the Virginia Policy Review.