Free Enterprise and Freedom
October 1, 2018
ery young and growing up on a farm, and obviously with my mother’s help, I planted and raised some radishes. A few bunches were placed for sale in the cooler at the local grocery in the tiny Texas town of McDade. If a bunch was sold I received a nickel; if not I received nothing. A powerful early lesson on free enterprise: for benefits to all something must be sold.
Our system of free enterprise capitalism has made America the greatest country in the world. Our nation’s founders through our Constitution created a nation of laws which harnessed a human’s natural self-interest to benefit each and every American.
This system is most clearly revealed in a small business enterprise. Most enterprises begin small, and then try to survive and grow. As most begin with few resources and little experience, good personal qualities possessed by the owner are a necessity. These qualities are free to them. All else drains their scarce resources.
So they must be honest. If they have served the same area for ten-plus years you could comfortably hand them your wallet filled with credit cards and cash and not worry. Since their reputation is often all they have they will do nothing to damage it. They know that a reputation which has taken years to develop can be lost in a moment, particularly today where everything can be immediately publicized on the internet.
They must be givers, not takers. Since the purpose of a business is to obtain and retain a customer, every successful business owner knows that at the outset they must give more than they receive. They have full knowledge that the benefits will come back to them later many times over with repeat customers.
They must be financially savvy. Otherwise, with their often quite meager resources, they would not survive.
They must be tough. With the ever-present paucity of cash and other resources in our very competitive free enterprise system, this quality is demanded of them daily.
But most importantly they must have the ability to survive. Most do not. Fifty-one percent of their brethren fail within five years, sixty-six percent within ten.
Yet despite the personal requirements and difficulties, twenty-eight million small business owners create sixty-three percent of all new American jobs. And interestingly eighty percent employ fewer than five people, ninety percent fewer than ten.
With their large business counterparts, there is an encouraging trend today. These large businesses have become much more customer friendly than earlier. Being greeted when you walk in their doors is now quite common. With the severe competition in all business today and with internet transparency, they too must operate as a small business in order to survive.
One illustration of this comes from the fortuitous visit I had with the president of a large grocery chain. Like his competitors, he employs a manager for each store to operate that store’s system. But unlike his competitors who use the same system throughout many stores, he has a different operating system for each of his stores depending on the needs of customers in each geographical area. He acknowledged that having a multitude of systems rather than one made all aspects of managing more difficult. But because he has submitted to each customer’s requirements his business has grown dramatically.
* * *America has been fortunate to have a president with a business background. After eight years of a flat economy under President Obama, in a year and a half President Trump has helped create a booming American economy. By reducing regulations and cutting taxes, he has increased business efficiency and unleashed the entrepreneurial spirit of American capitalism. And he has done this despite the fact that his situation is akin to being a CEO of a corporation whose employees have mostly been hired by his competitors.
But despite this obvious progress in our economy many Millennials with socialistic ideas do not understand the benefits of free enterprise capitalism. They have no grasp of the fact that with socialism you soon run out of other people’s money.
So to correct this, free enterprise capitalism must be taught beginning in elementary school and continue through high school. Every graduating high school senior should have a thorough knowledge of how wealth in America is created. They should be taught why our standard of living is the envy of the world. They should learn that government does not create prosperity; free enterprise does. They should learn how free enterprise sustains our freedoms. They should learn how it provides the wealth which allows for their protection and their ability to live in a stable society where few are deprived. For America to be sustained all Americans everywhere should have a strong appreciation of this profound yet simple fact.
Vern Wuensche grew up in the tiny farming community of McDade in central Texas. He obtained a BBA and MBA from the University of Texas and holds a CPA certificate. In 1975 he founded what is now Houston’s oldest residential construction company for 42 years. He wrote a book, Overcoming Legal Abuse as an American Entrepreneur, about the difficulty of starting and running a business without a properly functioning legal system. He is an Army veteran. An early marathoner, he ran the length of Galveston Island in the early 1970’s, continuing his distance running regularly all his life. He is a Christian who is serious about his faith. An Elder for twenty years, he has regularly attended Missouri Synod Lutheran churches all his life.
But his passion has always been politics. As a child, he hung bell-shaped door hangers on doors in McDade for Eisenhower in 1956. And since 1972 he has worked on campaigns of every type, attending 22 Republican state conventions, usually as a delegate. At the same time, he continually studied presidential politics. He ran for President in 2008 and 2012 placing seventh and tenth in the Iowa Caucus and the New Hampshire Primary. Details of the races can be seen at http://www.voteforvern.com His current long term project is the development of a Republican Farm Team. Anyone considering running as a Republican at any point in the future for any race should begin early, develop name identification and develop relationships with funders before they decide to run.
Visit Vern Wuensche's website at www.VoteForVern.com/