Monday, October 24, 2011

Entrepreneurs Must Stop Apologizing

The occupy movement seems to have various messages, but one of them is that business control all the wealth and that the wealth needs to be redistributed.  It is the business leaders the entrepreneurs that are the heroes of a free market system.  Gerry Nicholls in the Huffington Post writes that Entrepreneurs Must Stop Apologizing "here's one key reason: the people who the make the free market system work -- i.e. entrepreneurs -- are often like the rest of the population; they don't understand the values which underpin capitalism. Consequently, they all too often fail to defend themselves in the market place of ideas. They cede the moral high ground to leftists, to politicians and to assorted other anti-free market types. Rather than standing up for free markets, business people often become defensive, sometimes even apologizing for being capitalists. This is a problem because if business people don't stand up for capitalism, who will? This is why an organization in the United States called the Bastiat Society exists. Named after the famed French economic theorist Frédéric Bastiat, the society's purpose is to "educate other wealth creators on their right to the moral high ground." The motto of the group is "Those who work in freedom should know how freedom works." Canada should sure could use a group like the Bastiat Society. Entrepreneurs in this country need to be convinced that they are the good guys."

Nicholls highlights the Bastiat Society an organization that started here in Charleston, SC and I have been involved with for the last several years.  The Bastiat Society focuses not on politics, but on economics ideas not necessarily practical business knowledge. The Bastiat Society now has a board of directors, and an advisory board, which I have the pleasure to chair. They now have several chapters and some of them are international so maybe some bright and energetic entrepreneur in Canada can start a chapter the way Gerry Nicholls wants.

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