- Entrepreneurship is the key because only new products and services can keep quality of life improving.
- Non-entrepreneurial businesspeople, such as corporate raiders, arbitragers, financial instrument brokers (e.g., those exotic CDOs and CMOs that helped trigger the financial crisis) are the bad guys.
- A modest amount of government regulation is needed to control the aforementioned bad guys.
Wednesday, September 23, 2009
This wonderfully centrist article in The Economist perfectly defines what I believe to be the ideal roles of business and government. The article's major contentions are: