Its the businessmen and entrepreneurs who create and deliver value - not the government, not the central bank or banks

Ateneo Professor on Entrepreneurship

Rizal Philippines
July 23, 2019

Many people gravitate towards the government, the central banks and banks currying favor. They think that value and wealth from the economy  are sourced from this pipeline.  Its the entrepreneurs and the businessmen who create value, deliver and capture these.  The business develop this in their business model canvass known as main value proposition.

A banker friend who shifted to cement manufacturing told me that when he became a manufacturer, that is the time he recognized the work and effort of businessmen in nation building.  He was a banker for a long time.   He realized that bankers simply lived off the hard work and wealth creation activities of producers and manufacturers.

Many of us like  the social welfare:    jobs, free hospitalization, education comes from the government,   Its not true.  They come from taxes paid for by the businessmen. Therefore, the govt must befriend businessmen and support them.  They are the goose that lays the golden eggs.

One such govt that failed to recognize this was Venezuela who in the interest of socialism and nationalism nationalized many private businesses.  Now the country is in jeopardy, running deficits, huge unbelievable inflation rates,   borrowing heavily because the tax base has been diminished by the nationalization... Think about this...

Now this country is experiencing emigration to US and civil disorder. There is widespread poverty and famine