Winston Churchill said “Some regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Only a handful see it for what it really is – the strong and willing horse that pulls the whole cart along.”
Churchill was correct: private enterprise is how wealth is created in our society. Government initiatives, bail-outs and subsidies do not create wealth, they consume it, placing an even larger burden on the true wealth creators.
In 1929 federal spending was 3% of our national income. Today federal spending is over 30% and total government spending (federal, state and local) exceeds 60% of national income according to the Heartland Institute.
Yet success in business is often villainized. We need to encourage, support and celebrate our entrepreneurs. To do otherwise would be to literally bite the hand that feeds, clothes and shelters us all.