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To: ezfindit
Every CEO in America should speak out like Steve Wynn!

Most Fortune 500 CEOs in America are not capitalists, and many stand to benefit from Obama's plan to fundamentally transform the United States of America. Many find that role of political entrepreneur is more prestigious than the role of economic entrepreneur and that rent-seeking is more lucrative than earning a profit in a free market. Providing goods and services is hard work. To do so at at profit is even more difficult, and derided by elites.

The natural tendency of Fortune 500 executives in a welfare state is to lobby for preferential regulations, subsidies, set-asides, government contracts, price floors and ceilings, etc., etc. That is not capitalism.

Wynn is a capitalist. He is different because he is personally invested in his company and the nature of his business is such that he cannot get much in the way of rent from government subsidies, contracts, etc. Rather, the government tolerates his business only because it can suck so much out of it.

22 posted on 06/27/2010 5:59:41 PM PDT by Skepolitic
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To: Skepolitic

Great points! Quite true.


28 posted on 06/30/2010 9:39:47 AM PDT by ezfindit (ConservativeDatingSite.com - The Right Place for Conservative Singles)
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