This is something essential to understand: the difference between Market Entrepreneurship versus Political Entrepreneurship. The one is the free market and the second is what is also called "crony capitalism" and tends to be inefficient and corrupt. Conservatives are in favor of the first and against the second. One is competitive and the other tends to be simply government subsidized and hence largely non-competitive and stagnant.
I visited the Biltmore House SEE HERE which was a result of one of the market entrepreneurs. Something to think about. We need to restore free markets which really produce quality and widespread wealth. The book being talked about can be found HERE. This is how it is supposed to work.
Sunday, December 28, 2014
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