Posts tagged with: entrepreneur

Blog author: jcarter
Friday, November 9, 2012

Mitt Romney may have lost to Barack Obama but his was not the biggest loss of the election—at least not economically. Despite the millions the GOP spent to elect their candidate, the real economic losers of the 2012 election, as Joel Kotkin explains, are entrepreneurs:

The real losers are small business owners, or what might be called the aspirational middle class. The smaller business — with no galleon full of legal slaves pulling for them — will face more regulation of labor, particularly independent contracting. There will be more financial regulation, which is why Romney’s top contributors were all banks.

Small businesses will also face challenges associated with Obamacare, which now will sail on unchallenged. Health care costs are expected to go up 6.5% per employee. Some 58% of businesses say they will shift the costs to their employees. Many owners will face a higher individual tax bill: couples making $250,000 or more and singles making $200,000 or more will pay a 3.8% Medicare tax starting 2013.

All this is troubling, as American start-up rates are already falling. Much of what happens now occurs not from a great hunger to succeed as a desire to maintain. Outside of the inherently entrepreneurial immigrant classes, the only group of Americans starting business more than before are the fifty somethings and above. Many of these may simply be former employees of larger firms, now doing work sometimes in the same industry and even for the same company.

Read more . . .

Entrepreneurs, in the words of Andreas Widmer, co-founder of The SEVEN Fund, are people who see “an additional color. Everybody sees chaos; they look out, they see chaos. An entrepreneur sees patterns.” They think differently.

Kara Ohngren, at Entrepreneur, has compiled a list of ten documentaries to help entrepreneurs strive to make patterns out of chaos. Acton Media’s “The Call of the Entrepreneur” is featured.

Why it’s a must-see: This doc is a non-stop barrage of uplifting tales. The inspiring story of Michigan dairy farmer-turned-composter, Brad Morgan is enough to remind you that our society thrives on entrepreneurial ideas.

Lesson: Sometimes all the modern-day entrepreneur needs is a little inspiration to press on, even though failure could be right around the corner.

Other “must sees” for entrepreneurs are “Freakonomics: the movie” and “Ayn Rand: In Her Own Words”.

Visit “The Call of the Entrepreneur” website to learn more about the documentary.

Blog author: jcarter
Wednesday, August 15, 2012

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

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, 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.