Posts tagged with: entrepreneurship

The BBC visited Baton Rouge, specifically the most violent part of Baton Rouge. The reporter asked people who live there what they would change about America. It’s an insightful little piece of journalism.

Several people mentioned the need for God and prayer. One young man who owns his own business credits his success with having a father who lived with him and raised him – something he says most of his peers didn’t have.

One man, showing off his scars from his violent tendencies, said he couldn’t worry about other people. He had to worry about himself and his family. “You have money and I don’t,” he bluntly stated as the problem.

Finally, one young entrepreneur says he thinks the main issue with people in his area is lack of exposure. Too many people, he says, don’t see anything else except that little zip code. “You live here, you go to school here…what else is there to aspire to?”

beatlesOne would think that the road to success for entrepreneurs would start with a business major. After all, you have to know marketing and business strategies and accounting and all that stuff, right?

Panos Panay gives some thoughtful rebuttal to that idea. He is a successful entrepreneur, having created Sonicbids, a platform where musicians and bands can book gigs, promote themselves and basically act as their own managers. He is also the founding manager of Berklee Institute for Creative Entrepreneurship. He believes he’s been a successful entrepreneur not in spite of his music background, but because of it. (more…)

I worked alongside several Acton Institute colleagues and Coldwater Media for years on the Poverty, Inc. full-length documentary film, which tackles the question: Fighting poverty is big business, but who profits the most? It was gratifying to watch it Monday at what I’m told was the only sold out showing of the 2014 Austin Film Festival.

It was at the first dine-in movie theatre I’ve visited, the Alamo Draft House, which meant we were watching a film about extreme global poverty while being plied with beer, cokes, popcorn and pizza. Since my feelings toward the film border on the maternal, and since I had some delicious Tex-Mex before arriving and was not the least bit hungry, I was tempted to stand and in the stentorian voice of The Simpsons’ Sideshow Bob exclaim, “Down with your greedy forks and steins! Silence!!! This … is … ART! There … on the screen … are the HUDDLED MASSES! Have you no SHAME!” (more…)

Blog author: jsunde
Monday, October 13, 2014

capterrorismThe Middle East is enduring yet another wave of terror and political change, spurring countless Western analysts and elites to offer their preferred strategies and solutions, most of which involve military force, foreign aid, or some mixture of the two.

In last weekend’s Wall Street Journal, Peruvian economist Hernando De Soto sets forth a less predictable path, arguing for “an aggressive agenda for economic empowerment,” similar to that which was promoted in Peru during the 1990s.

I know something about this. A generation ago, much of Latin America was in turmoil. By 1990, a Marxist-Leninist terrorist organization called Sendero Luminoso, or Shining Path, had seized control of most of my home country, Peru, where I served as the president’s principal adviser. Fashionable opinion held that the people rebelling were the impoverished or underemployed wage slaves of Latin America, that capitalism couldn’t work outside the West and that Latin cultures didn’t really understand market economics.

The conventional wisdom proved to be wrong, however. Reforms in Peru gave indigenous entrepreneurs and farmers control over their assets and a new, more accessible legal framework in which to run businesses, make contracts and borrow—spurring an unprecedented rise in living standards… Over the next two decades, Peru’s gross national product per capita grew twice as fast as the average in the rest of Latin America, with its middle class growing four times faster.


I recently detailed the relationship between stewardship and the use of one’s God given gifts through vocational jobs as a path toward human flourishing. Much like vocational work’s hands on occupations, are artisanal jobs, which are on the rise in America. These positions are developed by the individual as a creative outlet to provide a good or a service not in the market. They do not require formal training, but education is important as a foundation for inspired enrichment. The artisan economy exemplifies how a private enterprise embodying God given gifts can serve the desires and needs of others.

Father Robert Sirico discusses the role of creative entrepreneurship as an individual’s means toward becoming a faithful servant:

In the process, he employs the labor of others, giving them a meaningful means to support their families. And in the end he has created wealth and prosperity that had not existed before. All this comes to be through his faithful service. If the entrepreneur profits thought[sic] the application of his gifts and the assumption of great risks, they are profits well-deserved.

PBS NewsHour recently profiled artisans who have utilized their education to creatively develop solutions to public problems, such as health care. Today, America faces an aging population, and according to Lawrence Katz, health care work has developed into a “minimum wage job where people are effectively babysitting and not really learning, and the elderly are pretty much checked out and sedated in some cases.” (more…)

As leaders of HOPE International, an organization that empowers men and women across the globe through business training, savings services, and small loans, Peter Greer and Chris Horst have witnessed the transformative impact entrepreneurship can have on individuals and communities, particularly when paired with the power of the Gospel.

In Entrepreneurship for Human Flourishing, a new book for AEI’s Values and Capitalism project, they explore this reality at length, offering compelling stories of businesspeople that illustrate the profound importance of free enterprise and entrepreneurship in equipping the poor and empowering the marginalized.

Watch the trailer for the book here:


Arthur Brooks, president of the American Enterprise Institute, challenges conservatives to think and act differently in the fight against poverty and income inequality. He says conservatives must acknowledge that we have income inequality in our society, and be willing to do something about it. That does not mean income redistribution. Rather, he says, we must be willing to do what actually helps the poor.

Brooks is clear: what helps the poor is free enterprise. However, much of our political rhetoric is about things and ideas, and not people. People, he says, need to know that we care more about them than about ideas. People want to know someone is willing to fight for them, not a set of political or economic ideas.

He poses the question, “How do people change their lives?” In talking with people who have brought themselves out of poverty, he says three things are clear. People must be willing to make moral transformations and take responsibility for their own lives. They must have a dependable but short-term safety net from the government for extreme circumstances, and they must have hope. People need to know that if they work hard and commit to changing their lives, they can succeed. However, Brooks says that isn’t happening enough or fast enough in our country, and people lose hope.

Take a few minutes and listen to his thoughts on work, entrepreneurship and education.