Running A Successfull Bussiness
Margaret's Musings: Business 101 - the free market, capitalism
Raise your hand if you remember being taught about capitalism and the free market while you were in school (college level economics does not count). I, like most of you, probably remember being taught about socialism and communism because it was included in social studies. It was, after all, important to learn about systems different from our own.
In 1987, during a trip to Czechoslovakia (a Communist state at the time) a young couple, who owned a business in Colorado, expressed concern that students in the United States were not being taught about our system of economics. It was probably traveling in a communist country, where we witnessed not yet completed reconstruction projects that had been underway since the close of World War II (for over 40 years), that caused them to bring up the subject. Our tour guide shared with us that as long as the workers showed up they got paid, so there was little incentive to actually “work.”
Over two decades later, I still remember the young couple’s concern. Capitalism and the free market made America the most successful country in the world. This system, which is so unique, is the number one reason people still hold America high on the list of places to immigrate to. Yet, I suspect it is still not a required subject at any level in our schools.
Business 101: How does it work? “Capitalism: A system in which society’s productive resources are privately owned and freely traded.”
Two area small business owners/entrepreneurs agreed to share their insights with me providing they were not identified out of fear it would hurt their businesses.
So we begin to look at the present climate. As a note if the words are in quotes they are from my sources. If not they are my own words.
“What is going on is against the American way. What has made America great? It is a guy who came from humble beginnings, worked hard, took a chance and made something of their life. That is what America is about. Go to other parts of the world if they know anything about America that is what they know and that’s what they want.
Running A Successfull Bussiness - News
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Running A Successfull Bussiness - Bookshelf
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