"Entrepreneurial Capitalism - The Case for,"
Quotations for consideration:
- “I would rather see Finance less proud and Industry more content“- Winston Churchill as Chancellor of the Exchequer 1924 to 1929.
- “It has been usual to think of the accumulated wealth of the world as having been painfully built-up out of that voluntary abstinence of individuals from the immediate enjoyment of consumption which we call ‘THRIFT’. But it should be obvious that mere abstinence is not enough by itself to build ‘Cities or drain Fens’ - so what has actually done the trick and created the wealth of Nations- It is ‘ENTERPRISE’ which builds and improves the world’s possessions. If enterprise is afoot, wealth accumulates whatever may be happening to ‘thrift’; and if enterprise is asleep, wealth decays whatever ‘thrift’ may be doing” - John Maynard Keynes.
Distinguishing ‘thrift’ which is essentially only saving while waiting with hope for an opportunity for profitable expenditure in future, from the real motor of economic growth, which is investment / enterprise NOW.
- “The inherent vice of capitalism is the unequal share of the blessings. The inherent blessing of socialism is the unequal sharing of misery.” - Winston Churchill .
- “The best way to predict the future is to invent it.” - Alan Kay
- The quantum of wealth, as it is conventionally recognized (Land, Minerals, Water etc.) is finite and hence in view of the ever increasing population, no equitable distribution methodology can be satisfactorily arrived at. It is a ‘Zero-Sum’ game where in as one wins the other loses.
- New ways to grow wealth that are not linked to the conventional resource base and which can keep growing are to be recognized and developed, especially in these days of growing population and dwindling natural resources.
- People should be encouraged to view such wealth as being as effective, if not better, than that based on historic concepts of land and natural resources and be incentivized to participate in its growth.
“The primary objective is to give every citizen a stake in the Country and its future. Make it a home owning society that would be house proud and maintain it well. Give their sons something to defend.” Lee Kuan Yew.
Give everyone equality of consideration and opportunity and the freedom to exercise their choice seeking security and happiness and living with dignity. Today what the whole world wants is a ‘good job’ and that is what leaders should make their number one priority. (See “EQUALITY for ALL’ or ‘ALL are EQUAL”). Given a ‘good job’, they can then seek to meet their other needs more effectively and confidently and with dignity.
- Entrepreneurs recognize that failure is not always avoidable, but the smart ones learn from them.
“Between 1981 & 2006 - 423 major companies in the USA, with combined assets totaling over $1.5 trillion and individual assets of over $500 million, filed for Bankruptcy. Their combined total annual revenue was almost $830 million.