As consumers of knowledge, we can no longer be passive. Knowing is a practice at which we can each improve our capability. Knowledge entrepreneurs are creating new ways of developing, diffusing, and using knowledge, and devices are giving us new means of access and engagement.
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.
Don’t believe the numbers—at least not the government’s numbers. Official measurements of gross domestic product and productivity are also massively understated.
Capitalism is best thought of as a system of co-ordination, bringing consumer demand and producer output into alignment. It’s a system of dynamic efficiency, using feedback to get better and better at service. Entrepreneurs who follow the collaboration metaphor are the ones who will succeed.
I learned that a sense of entitlement is a burden. People who believe themselves above something, or entitled to something more because of past achievements, will find that new opportunities slip away.
Every developed nation in the world at one time went through the transformation from predominantly informal, extralegal ownership to a formal, unified legal property system. In the West we’ve forgotten that creating this system is also what allowed people everywhere to leverage property into wealth.
This analysis also makes it clear that the policy outcomes will not change when different individuals are elected. The same voting mechanisms and the same bureaucratic response to special interest influence will prevail. There’s no point to throwing the bums out. Democracy itself is a sham.
The central control community includes not only the Catholic Church, but also the World Bank, IMF, United Nations, EU and many, many more institutions that recognize no bounds. They share thinking with global communism and all the totalitarian themes in history.
Access to people, knowledge, tools, learning, insight, technology is fully available. Historically, preferred access was one of the ways that the few made life difficult for the many. Today, with the use of the appropriate tools, there are few access barriers we can’t navigate around.
Ranked ends, carefully selected means, continuous assessment of the fitness of means to ends, time preference adjusted towards savings and investment, embracing negative feedback, managing uncertainty by careful testing of steps. These are elements of economic thinking that are useful to us at every moment and in every aspect of our lives.
The entrepreneurial role is not the origination of ideas and innovations, but the systemic integration of activities and resources through which market innovation emerges. Entrepreneurs build bridges between people and ideas that might otherwise be disconnected.
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