19. The Best System to Shape Society
Description
Hi Systems for Success Family!
Well we just finished the 2018 midterm elections and it seemed there was more focus and more debate generated by these elections than any I remember in many years. And some of the conversations and debates around this have made me want to address something in this episode that I think is really important to the future of this country.
I had a conversation with one millennial recently who was really frustrated with some of their friends for thinking they could just not vote and still complain about the way things were going…or that other of their friends could vote for politicians and policies that focused on increased government control, taxes and redistribution of wealth and still expect to see the same abundance for their kids as they experienced.
Then there was a public opinion poll from Harvard's Institute of Politics, that came out right before the elections that said likely voters claimed to favor socialism over capitalism by something like five points, and the majority supported things like single-payer healthcare, federal job guarantees, and free college. According to Harvard's new poll, millennial Americans have grown to distrust capitalism and free enterprise.
There was also a Fox News poll earlier this year that showed an uptick to 36 percent of the people polled who had the view that moving away from capitalism and toward socialism would be a good idea. The article I read said that Historical surveys from the late 1930s to the late 1940s show that only a tiny fraction of Americans embraced the socialist label. And now 36 percent are in favor of heading that way? What’s up with that?
Let me be clear, this isn’t about the voting that happened last week. I think everyone should get out and vote their conscience. This is not a political commentary podcast and I’m not trying to turn it into that.
What I’m talking about here goes way beyond political viewpoints. I’m talking about a system for success that built this country and I think really built our world…a system for success is now at risk. Political victories are temporary bandages over what I see as severe national threat posed by the revival of historically discredited systems like socialism as the system for success in societies.
Somehow there have been all kinds of purveyors of global capitalism, from free-trade champions like Bill Clinton to way right-wing leaders like Paul Ryan, have failed to persuade young Americans that the free market has been significantly responsible for global income per person increasing tenfold--that the free enterprise system has been responsible for eradicating poverty for hundreds of millions of people around the world, and a massive increase in both the length and quality of life. Many people, especially it seems in the younger generation, have begun to imagine that a fatally flawed system of having government control of who gets what will create long term success in societies.
So in this episode, I want to share with you some thoughts about what I think is the antidote to that flawed system. Let me tell you what I love about the system for success of a free market economy. I share some of these thoughts in my book, Beyond Business, that will be published the last week of November. So if you want more inspiration on how business shapes our world, you can get that on Amazon soon.
So here’s what I love about the free enterprise and why I think it is the best system to shape healthy societies. I love that it is a system where money is earned by serving someone else well. It’s a system where there is a built in incentive to serve someone well enough to make them happy with what you provided. If I paint your house, fix your car, make a certain tool that you need, you give me money. That money is in essence a certificate proving that I ser
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