Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CobaltBlue; Willie Green
you can't coerce them into being good

Congratulations on discovering the meaning of the phrase "you can't legislate morality."

Capitalists will not act as entrepreneurs unless there is the possibility of extraordinary gain, worth taking risks for.

Actually, I think that you're quite confused over "what's a capitalist?/what's an entrepreneur?"

Rarely is the capitalist (think the Sage of Omaha) an entrepreneur. Generally, capitalists are into preservation or incremental enhancement of their capital stock--which is why they tend to buy favors from Gummints.

Entrepreneurs, however, generally don't care about preservation/incremental enhancement; they are only concerned with a very opportune niche market--or market, period.

That's why (you noticed, I am sure) the 'offshoring' is done largely by VERY large firms, which are financially-managed: Eaton, FoMoCo, GM, HP, etc.

They DON'T have any new ideas--thus they practice labor/cost arbitrage.

That's capitalism unfettered--and it's wrong.

210 posted on 03/22/2004 2:33:24 PM PST by ninenot (Minister of Membership, TomasTorquemadaGentlemen'sClub)
[ Post Reply | Private Reply | To 195 | View Replies ]


To: ninenot
Warren Buffet most definitely is an entrepreneur. Remember GEICO? Used to be a public corporation that fell on hard times. Buffet bought it, took it private, and runs it. His corporation, Berkshire Hathaway, owns maybe 40 companies outright. General Re. Says Candies. Dairy Queen.

An entrepreneur organizes and operates a business, and assumes the risk of its failure. The reason entrepreneurs are willing to assume the risk of failure is that they are motivated by the dream of success, far beyond the success of labor.

Labor, on the other hand, wants a guaranteed paycheck. No guts, no glory.

213 posted on 03/22/2004 3:26:46 PM PST by CobaltBlue
[ Post Reply | Private Reply | To 210 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson