People can and do fail at business, It's called creative destruction. It's what makes our system great. Did you know that small construction businesses fail at a clip of almost 90%? Likewise in other sectors.
I remember when the Japanese were killing us with their crony capitalism in the auto industry back in the eighties. Reagan said we would win in the end, because our freedom was a better system.
I remember the argument. Well, Reagan was right. Our system won. Ford and the others forged a dramatic comeback and did well until they put themselves on the government dole.
This is a very complex issue, but genuine freedom is not the problem. What I call free enterprise is not BS.
I do not believe you enter a deal in which you’ve crunched the numbers and you come out BEHIND at the end of the deal.
I don’t buy that.
I think that your self-interest has crunched the numbers and you come out ahead at the end of the deal.
Good post about free enterprise. It’s been the most successful road to prosperity for all people for many years.