IF anyone tells you that you’re too old to be an entrepreneur or that you have the wrong background, don’t listen. Go with your gut instincts; pursue your passions. You’ll come to wonder why you wasted your time working for your idiotic boss.
History is filled with dire warnings of this or that powerful government using extensive controls to propel its economy to a new level of wow. What history is not filed with are actual examples of economies being so propelled. Quite the opposite.
Henry Ford didn’t build Fords for the aristocracy, he built them for ordinary Americans. Steve Jobs didn’t create the iPhone for government elites or to meet some government mandate. He created them for you and me. Amazon isn’t a government-run distribution system. It is totally and solely consumer driven.
Maybe Venezuelans didn’t do it right. Nor did the Russians, or anybody else. Or maybe socialism is a fundamentally flawed idea that always leads to misery by design. We shouldn’t need this discussion in 2019, given mounds of evidence and victims, but here we are again.
Small businesses disperse economic resources more evenly throughout a community, and they provide more options to employees while creating more competition for large firms. Nor do small firms really pay less.
What the world needs is more personal freedom and economic liberty so we each may be the voluntary means to each other’s ends through the marketplace of ideas, employments, and products as we use our individual knowledge in our shared global society.
There’s no accounting for the final destination of any good. Short of Huawei hoarding all of its production, its smartphones and telecom equipment will ultimately reach Iran for the simple reason that Huawei is successful at selling so many smartphones and so much telecom equipment.
Economic growth comes from successful entrepreneurship that is also productive. And not all entrepreneurs who earn profits contribute to economic growth if they have unproductive — or, worse, destructive — effects on the economy.
Three things warrant widespread agreement. The Fed generated an unsustainable boom. It followed up with a severe monetary contraction. And it swapped out its traditional operating procedures for a new regime, reducing economic growth and increasing systemic risk in the process.
The prosperity that we all enjoy as a result of the creativity, risk-taking, saving and work effort of these and other super-rich people would not exist if they had lounged around all day watching television, playing pool or reading poetry.
Fill out the form below to get the CFI Newsletter delivered to your inbox.
Leave us your contact information below to recieve a free copy of CFI's 10-Point Manifesto for Individualism
Join the CFI Mailing List using the form below to recieve a free Sample Chapter of Hunter Hastings' The Interconnected Individualism
Leave us your contact information below to recieve a free copy of Reliving We The Living
The Center for Individualism is a 501(c)3 Non-Profit Organization with a mission to promote Individualism in America. All work is licensed under a Creative Commons Attribution 4.0 International License, except for material where copyright is reserved by a party other than CFI. Learn More…