Scott Galupo insists that the "private-equity industry is not coeval with the free-enterprise system":
I don't think Romney was an evil bloodsucking corporate vulture. I want smart people to be able to locate economic efficiencies, and thereby ensure growth in the long term. I want venture capitalists to take risks and reap rewards ("Bain," after all, is Gaelic for "harvest" or "reap"!). But the system in which this dynamism takes place is not prairie grass. It is an artifact of governance, both corporate and political—of accounting principles, auditing standards, bankruptcy law, securities regulation, and all the rest.