The ticket Republicans will nominate in Tampa next week is uniquely connected to the “vulture capitalist” constituency, and uniquely committed to protecting the interests of today’s robber-baron class.
He could easily have made his way into the private sector—doing business with family and friends, as have generations of wealthy Ryans.
But Paul was always the starry-eyed, perhaps wild-eyed. idealist. He read Austrian economic texts and far-right authors with a passion, committing to memory the writings of Friedrich Hayek, Ludwig von Mises, Milton Friedman and his intellectual heartthrob, Ayn Rand. Reading Rand, the newly minted Republican vice presidential contender once said was “the reason I got involved in public service.”
Ryan has since tried to distance himself from Rand’s militant atheism and even more extreme attitudes regarding the least among us. But his older brother, Tobin, told reporters: “Paul can still quote every verse out of Ayn Rand.”
Rand’s greed-is-good thinking plays well with hedge-fund managers, private equity players and the “vulture capitalist” class that enjoys taking a break from pillaging to plod through novels about, well, guys like them.
But as the youngest Ryan child, Paul got a little mavericky. Much as he talks up the private sector, Paul Ryan forged a career in the public sector. He’s worked as a Congressional aide and congressman—with brief breaks as a conservative “think tank” associate and a speech writer for Jack Kemp’s 1996 presidential campaign—since leaving college.
But older brother Tobin followed the more traditional route for sons of privilege.
As Fortune magazine notes, Tobin Ryan is a full partner with Seidler Equity Partners, a California-based “private equity investment firm that partners with visionary executives to grow their businesses.” Before he went to Seidler, Tobin worked with a politically connected Wisconsin-based private equity firm, King Capital (founded by former Republican Party of Wisconsin chairman Steve King, who served as finance chair for Paul Ryan’s Congressional runs). He also put in a stint with Bain & Company, the consulting firm where Mitt Romney says he “enjoyed working with a team of people to arrive at ideas and solutions” for what Texas Governor Rick Perry described as “vulture capitalist” interventions.