Unfortunately for those who see the state as the sole solution to every problem, they neglect to acknowledge the plethora of information that surrounds them daily, proving that just because the government does offer a service, doesn’t mean they should, nor does it mean they are the most competent at doing so.
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While Millennials may have a warm regard for the fuzzy idea of social sharing, and while they may casually link that idea with socialism in their minds, they are failing to think clearly because they are neglecting to define their terms with precision.
Innovation used to be thought of as a scientific or technical process competence of skilled innovation producers. Now, innovation is a social competence practiced by those who are good at social networking. Innovation is socially embedded co-creation. The social network can include people, knowledge, devices and software. It is socio-technical.
Everyone of us has a hierarchy of needs. When we feel good about what we have attained at one level, we can move up to the next, and tackle something greater – a higher value. The entrepreneur can take the consumer on that journey to higher and higher values. It’s a collaborative climb to the top.
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.
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.
We must look, with optimism, beyond the present to the difficulty our adversaries will have sustaining their systems over time. And if their systems come undone in the next decade or the one after, Russia and China will face extreme instability.
The truth of the matter is, as Mises explains, that most socialists understand that liberalism, and thus capitalism, offers the best medium in which all people have the opportunity to flourish.
A real push is also necessary in the economics trade itself. The most important step to put markets where they belong—in first place in the economic discussion. The greatest hope lies in the fostering of new institutions that will, in turn, nurture economics thinkers who dare to acknowledge the merits of markets.
Instead of getting bogged down by failure because you were not able to fully cut sugar from your diet or because you failed to visit the gym as often as you had hoped, why not treat your own life like the market and celebrate failure as a tool for growth.
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