But what entrepreneur will take these risks if there isn’t upside as well as downside? Who will do it if success is punished rather than rewarded? If power seeking politicians decide that certain successful entrepreneurs have become too wealthy?
Our president cannot seem to grasp that freedom and entrepreneurship is not about “doing your own thing” but is the essence of what he calls “we’re greater together than we are on our own.”
Businesses grow by competing to serve customers.
It is also not about, to the president’s confusion, “making up your own rules.” It works when we don’t make up our on rules and live by eternal truths which prohibit theft and protect private property. Our problems start when government stops doing its job to enforce those rules and starts making up its own.
Where President Obama was correct was to say that “This is the defining issue of our time.”
Whatever solutions Republicans propose to deal with issues like government spending, taxation, healthcare, and education must flow from a core vision of what America is about.
Whoever emerges as the Republican presidential nominee in 2012 must be ready to offer a dusted off and clear vision of America that will restore our understanding of and faith in the freedom that made and makes this country great.