“In the event that free enterprise is anything but a lose-lose situation, why are there individuals continually thumping on the entryways of the rich and faulting them for their destitution? Is private enterprise unreasonable for those in less favored conditions?”
“The distinction among free enterprise and each and every other framework is one of chance.”
Private enterprise is the main framework where you can pick your place. It’s the main framework where, through one’s activities, somebody naturally introduced to abundance can become poor, or somebody naturally introduced to destitution can become well off.
It’s as stupid to fault the rich for your neediness as it is to fault the poor for your abundance. The magnificence of private enterprise is that much another person has in the bank doesn’t influence your capacity to produce an abundance of your own.
Dislike there is a limited measure of dollars out there, and it’s difficult to get any of them since they’re totally caught in the financial balances of the well-off. We have government-issued money – that implies our cash supply is in a steady condition of development. The dollars are accessible for the taking, and your capacity to create abundance isn’t restricted by the amount another person as of now has.
Your main impediment is you – your capacity, your time, your insight?
There are very rich people in my industry. I’m not one of them. My capacity to become one of them isn’t restricted by them, it’s restricted by me. I won’t ever be a tycoon, if just because of the way that I’ll stop the race well before I at any point arrive. Yet, the thing is, to put forth the attempt and did the right things, it would be conceivable. Free enterprise is the main framework where it’s conceivable.
Since I’m not going to settle on the decisions they made, it isn’t sensible to expect I ought to be qualified for the very degree of abundance that they have.
Furthermore, that mentality scales across all levels – on the off chance that you’re not willing (or ready) to do the things another person did, then, at that point, you’re not going to have the result they had. They are well off in light of the decisions they made. You are not a direct result of the decisions you made.
Here is a measurement that may astound you: 75% of tycoons are original. That implies they weren’t conceived affluent – they arrived through the decisions they made.
Do you think private enterprise is unjustifiable for the individuals who aren’t naturally introduced to honor? It’s something contrary to that. Free enterprise is the main framework where somebody who wasn’t naturally introduced to honor can become rich. That is the reason it’s the most – fair framework.
Your Take and critical views?
Brather Farooq -you raise a very interesting question.
Capitalism, Free Enterprise has always contributed to innovation. And the promise of the riches associate with the “better mousetrap,” is a motivator.
Capital, it seems, often abuses Labor (Labour for those who embrace UK spelling). If we can produce out widget cheaper than we sell more and achieve riches. Tycoons, (Carnegie, Ford, Gate) often feel guilty about that and create foundations to benefit society and assuage guilt.
Much has been written about how to change this and humanize Capitalism. Is the answer government regulation? We seem to accept some -safety, but resist other -environmental. Is the answer more tax to benefit society? Could that tax be used to fund socially beneficial start-ups?
How do we get to starting businesses that judge themselves by returns to workers, and communities, as well as executives, lenders and shareholders? Or do we have to wait for the Elon Musk Foundation on Mars?
You broached a subject I hear reverberating in the low-vibe poverty consciousness community. I’m not sure what else to call it, Farooq, as choices were made and results of those choices spill out into the living environment. The tendency is to think much less of oneself and look for others to blame for it rather than looking in the mirror and getting real. It may not be a pretty picture, though it contains the essence of one’s position.
Humans, unfortunately, have been caught up in this kind of behavior for millennia. Countless gurus and sages, business and spiritual, have offered a way out of those behaviors, choices and situations. The projection of feelings of self-worth, or the lack of it in this case, aren’t perceived as such initially. We often don’t realize it until someone we respect, or not, says something that just cuts to the core and is so resonant it just cannot be denied.
What I have noticed is that small business owners are realizing they can change the world for the better. Those who you term as ‘rich’ are also getting involved, though most of them are humble and do it without fanfare so the public may not be aware of their activity until completion. I get the sense that, ultimately, we make the choices of our own value and perform accordingly.
I met a guy named T. Harv Eker some years ago, who offered a wonderful truth that I hadn’t thought about to date, “what we do anywhere, we do everywhere.” Think about that for just a moment and realize just how deep that goes even if we are unaware. The patterns repeat across our lives. I suspect it is that view of self that gets in the way of things. Fear of failure is a moot point. It’s fear of success that brings us to our knees.
Now capitalism has challenges, too. Big Pharma participates in the capitalist environment and, in essence, aggresses toward the public to make money for their stockholders. I have to admit I see their activity as heinous. That doesn’t mean they haven’t done some good things, though it is solely about money. If health was truly a concern, we’d be able to get prescriptions at much lower prices. Health Insurance companies are equally as barbaric in the marketplace, imho. That’s just one example of many available.
What I feel is needed and most likely in process now though we won’t see the results for several years, is the unification of humanity toward non-aggressive activity. The idea of creating and supporting a shift toward an agenda that looks more like People and Planet over Profit seems to be gaining ground, and perhaps is the silver lining from Covid. We’ll see.