Barack Obama recently proved once again that he is indeed a Proud Marxist (as Yuri Maltsev, former advisor to Mikhail Gorbachev, calls him) when he argued that successful American entrepreneurs "didn’t build" their businesses on their own. Government bureaucrats were mostly responsible for their success, the Marxist in the White House asserted, citing government-run schools, roads, etc. Like all Marxists, Barack Obama is belligerently ignorant of economics and is in denial of much of economic reality.
No successful business person believes that he built his business completely on his own, without help from anyone. Obama’s claim is a straw-man argument. Every business person collaborates day in and day out with suppliers, customers, employees, managers, accountants, marketers, bankers, investors, and many others. As Adam Smith wrote in his famous 1776 treatise, An Inquiry into the Nature and Causes of the Wealth of Nations (1937 Random House edition, p.422):
In civilized society [man] stands at all times in need of the cooperation and assistance of great multitudes, while his whole life is scarce sufficient to gain the friendship of a few persons . . . . Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favour, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher, brewer, or the baker, that we expect our dinner, but from their regard to their own interest . . . . Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow citizens.
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7 comments:
This whole crapstorm of righteous indignation is built around what amounts to a misquote. The relevant wording was taken out of context. The President was saying you didn't build the infrastructure upon which EVERY business depends. He was talking about teamwork, and the interconnectedness of the American society. So the only canard here is the trumped up discontent based on a lack of context.
8:54 Obama does not understand the word "Teamwork" he meant what he said I hope the quote brings him down we cannot survive four more years of living hell.
8:54 A.M. get your head out of your ass. You must believe everything the Libs throw at you. He was not taken out of context he meant what he said good common sense tells you that. And this out of context B.S. is just a cover up because the Prez was showing his true colors.
If Obama is reelected may God have mercy on our souls .
8:54
Lets go back a number of years. Try telling Ford and the Wright brothers they didn't build it. Without just those 2 things there wouldn't be any need for the infrastructure you talk about.
While Obama was defrauding the American tax payers in 1980 applying for and receiving foreign student aid and being molded and conditioned to Marxism by his communist mentors, my family was busy building our business 14 to 16 hours a day, six days a week.
8:54
Chuck, you put the words right in his mouth!
If that's what the President was saying why didn't he say that?
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