Posts tagged with: entrepreneur

Blog author: jcarter
Wednesday, August 15, 2012
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Work is at the core of our humanity, says Anthony Esolen, and our ownership of what we produce precedes laws demanding that we give it back to “community” in the abstract.

“You didn’t build that!” is probably the most preposterous statement I have ever heard from an American politician. A high bar to clear, no doubt, but let me justify the choice. It puts the effect before the cause. Suppose someone were to say, “If it weren’t for cities, there wouldn’t be such things as big family farms,” and therefore farmers owe it to city-dwellers to hand over more of their profits. But the farmer could well reply, “If it weren’t for farms, there would be no such things as cities,” and that is absolutely correct; without a surplus of food that can be stored, no city can exist. The farm is the foundation of the city, and not the reverse.

Similarly, the actions of risk-takers are the foundation of any civil order: they make it possible for there to be something to be governed. Granted, those risk-takers require law to protect their property, and government to enforce the law. But it is crucial to note the order of cause and even the order of being. No one writes a law raising tariffs on imported cotton unless there is already native cotton being grown. No one builds a railroad from Pittsburgh to Chicago unless there is already something to transport on it. Without the creativity and the daring of the businessman (or farmer, or prospector, or rancher, or inventor), we all live hand to mouth, and we take our orders from the leader of our tribe or clan.

Read more . . .

Blog author: ehilton
Wednesday, April 25, 2012
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Andreas Widmer, entrepreneur, former Swiss guard, and contributor to PovertyCure, has published an article at First Things, titled “Can Business Save Your Soul?”  It is Widmer’s take on the statement by the Pontifical Council for Peace and Justice regarding the role of business (see commentary on this by Acton’s Kishore Jayabalan here).

Widmer states:

…the business community represents a fertile field for the practice of the Gospels and this is, I think, the aim of the Justice and Peace document.

It is, alas, common in our age to separate faith from business and promote a dualism between secular and holy.

The Church represents a counterpoint to that worldview: At the root of Christianity stands the fact that our path to spiritual fulfillment passes through our physical life and actions. Jewish and Christian faith is not only spiritual but also physical. Judaism emphasizes this by focusing on an actual city in this world: Jerusalem and a single historical people, the Jewish people. Christianity emphasizes the incarnate nature of the divine. On the last day, we will be raised in both body and spirit.

The document is a loud and clear call to a strong inner life for business leaders. It is also a call to develop among them a “spirituality of work.” It is even more important to provide a religious “formation” for business leaders and for students in our universities. We have long done the latter. We have barely begun the former.

(The entire statement from Cardinal Peter Turkson is available here in PDF format.)

Read more…

In his commentary this week, Acton Research Fellow Anthony Bradley looks at the phenomenon of a black president whose policies have “not led to significant progress for blacks.” Bradley is the author of the new book, Black and Tired: Essays on Race, Politics, Culture, and International Development. Sign up for the free, weekly Acton News & Commentary newsletter here.

Despite Economic and Social Ills, Blacks Give Obama a Pass

By Anthony Bradley

With the approach of Black History Month we are reminded of the historic presidency of Barack Obama, the nation’s first African-American president. Some black leaders, however, believe that Mr. Obama has let the black community down. For example, prominent voices like Dr. Cornell West and PBS’s Tavis Smiley, former supporters of Obama, believe that having a black president has not led to significant progress for blacks. The truth is that blacks are not only worse off under Barack Obama’s presidency but are grappling with deep-seated economic and social issues that the President himself has little or no expertise in solving.

In spite of these realities, some leaders are asking the black community to support Obama for odd reasons like race. For example, Tom Joyner, host of one of the highest rated morning shows in America, said in an October 2011 column, “Let’s not even deal with facts right now. Let’s deal with our blackness and pride — and loyalty. We have a chance to reelect the first African American president … And I’m not afraid or ashamed to say that as black people, we should do it because he’s a black man.” The historic enthusiasm is understandable but we must deal with facts that tell us race-based voting is futile.

Take unemployment, for example. According to a January report by the University of California, Berkeley’s Center for Labor Research and Education, black worker unemployment steadied around 15-16 percent in 2011, while unemployment for the rest of the workforce dropped below 9 percent. That is, in 2011 the unemployment rate for African-Americans stayed almost exactly the same and declined for everyone else.

Second, with respect to family issues, it is well known that blacks continue to lead the nation in single motherhood. According to 2008 figures, the most recent year for which accurate data is available, 72 percent of black children were born to unwed mothers compared to 17 percent of Asians, 29 percent of whites, 53 percent of Hispanics, and 66 percent of Native Americans. By extension, then, fatherlessness continues to undermine black progress in America. According to FathersUnite.org, 90 percent of runaway children, 85 percent of all children who exhibit behavioral disorders, 70 percent of all high school dropouts, and 85 percent of all youths sitting in prisons are from fatherless homes.

How would voting again for Barack Obama — simply because he is black — fix these problems? Barack Obama is not an entrepreneur nor can he be a father to the fatherless. The best thing that President Obama could do if elected for a second-term would be to remove all the barriers in the way of entrepreneurs so that they can do the things that they do well, such as provide the sustainable employment opportunities that allow adults to take care of their families and permit the marketplace to meet the needs of all of us. Government is neither designed nor equipped to create and sustain jobs. Thousands of years of experience show clearly: Only entrepreneurs have the gifts and expertise to create jobs. We need to encourage them because sustainable employment is the only long-term solution to poverty and unemployment.

With respect to family, one important thing President Obama can do is to continue to provide an encouraging example. Even if you do not agree with Obama’s politics, the president is certainly a model of a man who is committed to his wife and children. In fact, if more black men were committed to their children and their mothers in the way that President Obama is through the institution of marriage, many of the statistics listed above would plummet. However, there is no political solution that President Obama can promote because fatherlessness is fundamentally a moral problem. If we want to make a better black history – and leave a better legacy for our youth — we have to morally form black men so that they remain committed to loving women and children within the context of marriage.

If blacks want to chart a new course reversing these statistics, we should look not to politicians for answers but ask them to get regulatory barriers out of the way of entrepreneurs and moral institutions so that they can do what they have proven the best at for centuries — namely, create the conditions for virtuous human flourishing.

In this week’s Acton Commentary, “Solyndra and the False Hope of Green Jobs” I look at the original problem with federally funded Green Jobs. The Solyndra debacle has been called a “microcosm of Obamanomics,” an example of what always happens when the Federal Government starts handing out $500 million checks. That’s true, but it’s a microcosm of something more — of an economy that’s lost it’s understanding of vocation. We stumble around trying to “create jobs” by Congressional action without really knowing what a job is.

A concern for jobs, simply, is dangerous. The dignity of a man’s employment does not come from his salary per se. Rather, it comes from his nature — man is called to work, to till the soil, from the very beginning, and the nobility of his labor is wrapped up in both the activity itself and in its ends. It does not befit a man to do work that is of no consequence.

Sadly, in the rush to “create jobs” by government stimulus, little thought is given to what work really is, or how more of it can be created. It is considered enough that a job run from nine in the morning till five in the afternoon, and that it come with a regular paycheck.

The green jobs movement is especially guilty of this unthinking attitude — indeed, it has never been defined what a green job is, and various bodies give widely varying definitions. If it’s not known broadly what a green job is, it won’t be possible to know whether all green jobs are compatible with the dignity of human labor, and whether governments are really capable of spurring their creation.

The now ubiquitous pictures of the president’s visit to Solyndra last year perfectly illustrate our now-empty conception of work: it is the U.S. Government that now creates jobs, not the entrepreneur.

The risks taken within the free market by an entrepreneur are calculated to yield a profit. That profit is, as Pope John Paul II put it, “the result of the overall expansion of work and the wealth of society.” The entrepreneur must create meaningful jobs, or else face the consequences imposed by the market.

Governments, because of their coercive power, do not feel the consequences of failure. The Department of Energy is the entrepreneur’s antagonist: it has just taken $535 million and flushed it, over the course of two years, down the drain. The loss was unintentional, but predictable, and we should expect that it will happen again, because the department’s work as a regulatory body is to consume, not to produce—as long as it is pretended that a job is nothing more than a desk and a salary, “jobs” will be created at a loss.

No arm of the government can purchase jobs as commodities and promote the common good, because such a purchase commodifies the worker and strips him of the dignity of real work.

Full piece here.

Acton is delighted to announce that BIZ TV will be presenting The Call of the Entrepreneur, Today, July 22 at 5:00 pm EST and Sunday, July 24 at 7:00 pm EST in the following cities:

Los Angeles (KAZA, digital channel 47.3)
Dallas (KAZD, 55.3)
Houston (KYAZ, 51.3)
Atlanta (WANN, 32.1)
Wichita (51.3)
Salt Lake City (20.2)
Denver (28.5)

The Call of the Entrepreneur (2007) tells the story of three entrepreneurs: a failing dairy farmer in rural Evart, Michigan; a merchant banker in New York City; and a refugee from Communist China. One risked his savings, one risked his farm, and one risked his life.

For more information on The Call of the Entrepreneur, please visit the official website.
For information on BIZ TV, click here.

One might think that Muslim women, in traditionally Muslim countries, are under severe constrictions when it comes to becoming entrepreneurs.  After all, in Saudi Arabia, women cannot drive, and in places like Iran, women are forced to veil themselves under the law.  Do such restrictions create undue burdens for women wanting to start and maintain businesses in the Muslim world?

In a study published in International Management Review (Vol. 6 No. 1 2010), John C. McIntosh and Samia Islam of the College of Business and Economics at Boise State University set out to explore the question:  “How is female entrepreneurship shaped by Islamic traditions and Shari’a  in a conservative Muslim context?”  (Shari’a law is traditional Islamic law.) The researchers looked at concepts like wearing the hijab (a scarf Muslim women wear to cover their hair), and whether or not being a women limited one’s social and business contacts due to gender restraints in Islamic society, such as adult women needing to rely on male family members to make contact with male non-family members.

The results?  Muslim women are not suffering undue constraints when it comes to entrepreneurship in Islamic countries.  Women wearing the hijab did enjoy better access to business networks, and those women with supportive families enjoyed greater social contacts that aided in building up their businesses.  However, when it comes to securing funding from banks, wearing a hijab was statistically insignificant from not wearing a hijab for the loan-seeker.

This is not startling news.  If one were to look at the business world anywhere, one could say that appropriate cultural dress, supportive families and social contacts are three keys to starting and maintaining a new business.

What does it take to become an entrepreneur?  There are many sound answers to this question, but none of them should have anything to do with gender, religion or geography.

Writing in the Sacramento Bee, Margaret A. Bengs cites Rev. Robert A. Sirico’s Heritage Foundation essay “The Moral Basis for Economic Liberty” in her column on faith communities and government budget battles.

As a priest, Sirico has met many entrepreneurs “who are disenfranchised and alienated from their churches,” with often little understanding by church leaders of the “vocation called entrepreneurship, of what it requires in the way of personal sacrifice, and of what it contributes to society.”

This lack of understanding, he believes, is due to the collection basket economic model which “tends to foster a view of the economic world as a pie that needs to be divided.” The entrepreneur, instead, engages in producing wealth, not redistributing it.

“Entrepreneurs create jobs, reduce human suffering, discover and apply new cures, bring food to those without, and help dreams become realities,” he says. In contrast, “the welfare state is too often thought of in morally favorable terms, but its social consequences, however well-intended, can be largely damaging.”

Read “Putting faith in economics to help the poor” in the Sacramento Bee.

Also see Acton’s Principles for Budget Reform and download the free “What Would Jesus Cut … from the Constitution” poster.

Blog author: lglinzak
Thursday, April 21, 2011
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Easter is fast approaching, and in light of this revered day, we take a look at Easter messages the Acton Institute has published in the past.

A day celebrated by all Christians, Easter can mean many different things for people. The article, “An Easter Message for Business” explores what it means for entrepreneurs and business men and women. In the article we find that business is a calling and business men and women are called to utilize their Christian principles by applying them to in their every day lives on the job:

As the ability to work and function in the market system is a gift from God, it must be carried out according to moral precepts. Thus, a moral code must be present and alive in everyday business life. Every transaction, trade, or exchange must have at its core values based on natural law. In the Pontifical Council for Justice and Peace’s Compendium of the Social Doctrine of the Church, the description of Pope Pius XII’s teaching on social doctrine emphasize this point: “He insisted on the notion of natural law as the soul of the system to be established on both the national and the international levels”(53–54). How can the businessman know whether his actions are based on natural law? “Society, its structures and development must be oriented towards the progress of the human person” (56).

[…]

One might object that business cannot always take into consideration every person. How can a business function and make a profit while trying to maintain the dignity of all? In Centesimus Annus, John Paul II provided a response: “A business’s objective must be met in economic terms and according to economic criteria, but the authentic values that bring about the concrete development of the person and society must not be neglected.”

The business cannot be responsible for every person; rather its responsibility is towards its employees and contacts. Again, John Paul II admits, “The social doctrine of the Church recognizes the proper role of profit as the first indicator that a business is functioning well: when a firm makes a profit, this means that productive factors have been properly employed.” Prosperity and human flourishing need not be opposed, so long as corporate productivity and human dignity are brought into concord. The Church reminds business, “The legitimate pursuit of profit should be in harmony with the irrenounceable protection of the dignity of the people who work at different levels in the same company” (Compendium, n. 340).

On Easter we are reminded the powerful meaning of Christ conquering death. Ray Nothstine explains this influential message in “Easter: The Resurrection & the Life” which can resonate with all Christians:

Easter Sunday celebrates the power of Christ over death, and how that power is the joy and the fulfillment of the life of the believer. Our suffering, imperfections, tears, and grief are wiped away by the promises and power of Christ. It brings meaning and assurances to everything we know about the Christian faith. “The Gospels do not explain the resurrection. The resurrection alone is what can explain the Gospels,” says Thomas C. Oden.

The witness of faith for those who gather to celebrate Easter will testify mightily against a world and lifestyle that suffers to find meaning, redemption, joy, immortality, and love outside of God. All too often we see the consequences of the kind of lifestyles that are absent from faith, and the haunting despair that follows. But the Christian lives with the assurance and promise of eternal life because of the intercession and power of Christ over sin and death.

Another important message found in Easter is the message of hope. Hope is found in the resurrection of Jesus, and as Ray Nothstine articulates in, “What the Resurrection Means to Me” just when we find ourselves full of despair, we are reminded to look to the resurrection of Christ and are reminded that God is always with us:

Often in the burdens that afflict our inner most being we can only find meaning in the resurrection. The trials, despair, and pain of this life crushes us too much. But when we spend our time dwelling on the risen Lord, our despair turns to hope. We know that he will not abandon us or forsake those who love and worship him, especially beyond the grave. The resurrection is a cause for endless celebration. It is the seal that we will fully dwell in the everlasting with the Triune God who created us for relationship with him for his glory.

April 1 was no Fool’s Day in Verona, Italy.

Istituto Acton held a private viewing and debate on The Call of the Entrepreneur in the romantic city of Verona, better known for its romantic association with Romeo and Juliet than with one of Italy’s most enterprising commercial regions.

Arranged and sponsored by the investors group – Noi Soci – of Cattolica Assicurazione, a private insurance company founded 115 years at the turn of the 19th century, the documentary was shown on April 1 to a private audience of 220 of the company’s stakeholders, colleagues and business partners – who actually showed up early – a rarity of time management and courtesy not often experienced in the southern city of Rome, where Acton’s Italian office is located.

The company’s original mission, based on protecting the private landholdings of farmers against natural disaster, was the brainchild of 34 entrepreneurs who boasted more than 14 Catholic priests in its original investment group.

When I heard this story, I had to ask the president of Cattolica Immobilare (the real estate investment firm owned entirely by Cattolica Assicurazioni), Enrico Racasi, to repeat what he had just told us.

“Few people realize this, but among the insurance company’s original founders there were actually 14 priests who were very much concerned about the survival and welfare of local enterprise”, Racasi said.

“We still commence our executive meetings with prayer and often meet for Mass beforehand … We need priests to become entrepreneurs again. Wouldn’t that be wonderful if we were all working privately together for the common good? But times have really changed!”

Debate and commentary on the film included inspiring remarks from Verona’s mayor, Flavio Tosi, a “no excuses” conservative politician from the north. Tosi said that politicians should be much less concerned about “legislating a good society” in order to “let private individuals lead the way” to work hard and improve society themselves.

“Everyone should work with a spirit of calling and moral purpose … All we (politicians) can do is encourage free enterprise among our citizenry through adequate public policies and fiscal incentives.”

One of the entrepreneurs present on the speaker panel, Giuseppe Pasini, president of Federation of the Italian Steel Companies, Federacciai, said Jimmy Lai’s story as portrayed by the documentary was most inspiring.

Istituto Acton Director Kishore Jayabalan conducts interview for Italian television.


Pasini said today’s entrepreneurs need to dig down to find inspiration for their enterprise within their deep moral values and convictions. (more…)

Now is a great time to check out Acton’s first documentary, The Call of the Entrepreneur.

Call of the Entrepreneur's new design.

The website has been completely redesigned to be more user friendly and attractive.  You will find links to social media for Call of the Entrepreneur as well as options to share the documentary with your friends at the bottom of the site.  We’ve also added the high definition trailer to the site.  The only trailer available on the previous website was very low quality and did not do justice to the film.

The site uses the latest version of the Drupal Content Management System (CMS) that was released in January.  Drupal runs some of the biggest sites in the world; examples of its power can be found on their official website.  Even The White House itself is using Drupal.  One of the major advantages of Drupal 7 (the latest release) is greater search engine exposure due to its advanced content classification.  This means Call of the Entrepreneur will be more visible to everyone looking for inspirational entrepreneurship stories.

Acton Media is also hard at work on their new poverty initiative.  While you’re waiting for more, giving Call of the Entrepreneur a second (or first) look is a great way to satisfy your appetite for great stories.  Click here to visit the new site.  If you’d like to give us feedback you can go to the Call of the Entrepreneur contact page or leave a comment here.