This is part 2 of a 4-part article.
Read Part 1 Here
Read Part 3 Here
Read Part 4 Here
There are three groups with long-term independence whose members are permanently free from dependence on a paycheck.
The first two are made up of people supported by trust funds or equivalent, covered financially for life by wealth earned or passed down to them.
Group one lives off these funds, often spending their lives in play and leisure.
The second group spends their lives dedicated to making a difference in society through service, career, investment, entrepreneurship, or whatever path they choose to use to improve themselves and the world.
The third group has no trust fund or equivalent wealth to rely upon, but has the skill set and worldview of entrepreneurial enterprise.
This group doesn’t start with full bank accounts, but rather with emotional accounts full of faith and determination, grit and initiative, and an undying belief in the principles of abundance, hard work, and enterprise.
Whatever happens, members of this third group have an almost unshakable belief that there is opportunity everywhere.
They believe in themselves, and they believe that if they put their minds and hands to work they can build value out of opportunity and create prosperity through their energy and effort.
Together, the second and third groups are society’s Producers.
They start, build, invest in and grow businesses and organizations that create a nation’s assets, advancements, and top achievements. They employ the workers of the world.
And when hard times come, they don’t ask government or employers to provide for them. Rather, they look around, assess the situation, see opportunities amidst the problems, and get to work building value for the future.
They do, however, ask government and the big established businesses to get out of the way, to allow them the freedom to turn their initiative and work into growing profits and success.
When government increases obstacles and regulations on small business, it directly attacks freedom and prosperity.
When this occurs, entrepreneurs naturally look for nations and markets that are friendly to business. As a result, nations with free enterprise systems attract more producers and are blessed with greater wealth and prosperity.
Non-Producer Attempts to Create Producers
Nations naturally benefit from a large producer class, but how are producers created? The common answers fall short.
The liberal view is that those with credentials and advanced education—the experts—must set up a system that allows enterprise but also fairly distributes the rewards of economic success.
The conservative view is to allow big investors to get huge rewards and therefore be willing to take big risks.
The blue-collar populist approach is to make sure management treats labor fairly and humanely.
The bureaucratic view is that rules make the society and economy work.
While each of these has a place, within limits, none of them really get to the heart of what makes producers tick.
The problem is that these views are nearly always promoted and managed by employees with an employee background and an employee mentality.
Non-producers grudgingly admit the great need for more producers, and then set out to build conveyor belts which will produce more producers.
This only works insofar as a born entrepreneur sometimes breaks out of the conveyor belt and overcomes the obstacles to his or her success.
David Brooks has referred to Washington’s party politics as the PhD’s (liberals) versus the MBA’s (conservatives).
Both give lip service to small business; but their modus operandi belies a different governing worldview.
The PhD’s want government to run the economy and provide jobs, and to be the Great State Entrepreneur so that regular citizens don’t need to take risks.
The MBA’s want to appeal to big investment, and are loathe to consider small business significant or meaningful.
The average citizen-employee wants managers to treat employees better.
This is all employee thinking.
Government programs will not create many entrepreneurs, nor will most corporate ventures, bureaucratic agencies, or labor unions.
And most MBA programs emphasize employee training and measure their effectiveness by citing job placement statistics.
Entrepreneurs are the natural competitors to all these.
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