The real bosses are the consumers. They, by their buying and by their abstention from buying, determine what should be produced and in what quantity and quality.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
Margrethe Verstager is a lifetime professional politician. She has always followed the political way, never the economic way.People like her, and the extractive political commissions like the one she heads, are a threat not just to innovation but also to the civilized open institutional framework that makes it possible.
Facebook would store this info in a virtual locker, and users would control access. The social network already has this data. It simply needs to corral it into two billion virtual lockers. Each user could then share or not. Here’s the good news: Facebook is going to pay you to share. Then they’ll turn around and charge you a similar amount to cover the cost of servers, electricity, coders and Mark Zuckerberg’s hoodies.
Increasingly, the best talent is all over the world, so increasingly the whole idea is the guy who wins is the guy who pulls together the best team wherever they come from, and actually knows what they are doing, and finds the signal in the noise, and gets out there first. And, if you can do that, you can create a billion-dollar business today.
Connections-in-action can generate all kinds of innovative progress: great art, new music, new literature, new ways to teach humanities, or new ways to evolve institutions.
All the advantages entrepreneurs enjoy as individual economic actors can now be augmented. We all have far more individual economic power than we cold ever have imagined.
Hierarchies are power structures in which you don’t have any power. To join a hierarchy is to abase oneself. Replace hierarchical power relationships by quality of connection in networks of your choice. How much value are you giving and how much are you getting in return?
The Entrepreneurial attitude is active management of your life path while bearing the future uncertainty, whether as business owner / founder or in another role. You will actively navigate your own career, making frequent changes and taking new pathways as you pursue new opportunities.
The idea that government can determine the opportunities for all, and especially that it can ensure that they are the same for all, is in conflict with the whole rationale of a free society.
We need people who can imagine a better future in entrepreneurial terms, not political terms. People who can identify how to serve their customers in a better way, and claim the reward of a financial profit for improving their customers’ lives. We need people who take personal, entrepreneurial and commercial risk because they see opportunity and they believe that they can seize it.
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