Canada needs to dismantle its public health-care system and allow private enterprise to get involved and turn a profit.
What rights have women? ... [they are] punished for breaking laws which they have no voice in making. All avenues to enterprise and honors are closed against them. If poor, they must drudge for a mere pittance if of the wealthy classes, they must be dressed dolls of fashion parlor puppets.
So powerfully does fortune appear to sway the destinies of men, putting a silver spoon into one man's mouth, and a wooden one into another's, that some of the most sagacious of men, as Cardinal Mazarin and Rothschild, seem to have been inclined to regard luck as the first element of worldly success; experience, sagacity, energy, and enterprise as nothing, if linked to an unlucky star.
Our success at friendship, business, sports, love--indeed, at nearly every enterprise we attempt--is largely determined by our self-image. People who have a confidence in their personal worth seem to be magnets for success and happiness.
The enterprise of describing something in language that has never been described before is a very difficult thing to do. When you decide to do away with old cliches or old phraseologies, and to come up with a new way of saying something, it's extremely difficult.
The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.
It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.
This is the greatest discovery of the scientific enterprise: You take hydrogen gas, and you leave it alone, and it turns into rosebuds, giraffes and humans.
The net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.
Marx set out to resolve the contradictions and to correct the errors in classical political economy. In this he thought he had succeeded very well. Judging by the sound and the fury of the controversy surrounding his interpretations, he either succeeded too well or deluded himself to the success of his enterprise.
It is a fact of human nature that we derive pleasure from watching others engage in pleasurable acts. This explains the popularity of two enterprises: pornography and cafés.
All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget constraint - are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership - it is between concentrated and dispersed ownerships.
Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.
[I believe in] the throne...parliamentary institutions...private enterprise and individual opinion against the socialization of the state...equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and...Belgium for the defence of our common interests against unprovoked attack.
Science is fundamentally a moral enterprise, following the moral imperative to seek the truth.
I suspect that the vast majority of people, not knowing in advance whether they will either end up in a permanently vegetative state or be diagnosed with cancer, would prefer that any resources that would be spent on PVS care be reallocated to cancer research - or some similar enterprise that has the potential to help human beings who might actually recover.
Over a wide field of our economy it is still the better course to rely on the nineteenth century's "hidden hand" than to thrust clumsy bureaucratic fingers into its sensitive mechanism. In particular, we cannot afford to damage its mainspring, freedom of competitive enterprise.
So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.
The diversity of institutions has made possible the combination of government ownership and private enterprise which has been a further characteristic of Canadian development. Canada has remained fundamentally a product of Europe.
My university education had been a shallow and superficial enterprise. The central driving forces of the economy I lived in were either ignored or left vague, to the point of meaningless.
The left's obsession with corporations as a spawn of evil is pathological paranoia. A corporation is just one form of organizing a private business enterprise for purposes of limiting personal liability, issuing stock, filing financial reports and paying taxes. Other forms include partnerships and sole proprietorships. Are they less evil? You buy your groceries from corporations, your cars, newspapers, cellphones, clothing and exercise equipment. Your parents and children work for corporations. Are they evil?
People have to understand that unless social enterprise is experimental, it will not succeed in making a difference.
Much has seen said of the wisdom of old age. Old age is wise, I grant, for itself, but not wise for the community. It is wise in declining new enterprises, for it has not the power nor the time to execute them; wise in shrinking from difficulty, for it has not the strength to overcome it; wise in avoiding danger, for it lacks the faculty of ready and swift action, by which dangers are parried and converted into advantages. But this is not wisdom for mankind at large, by whom new enterprises must be undertaken, dangers met, and difficulties surmounted.
My deeply held belief is that if a god of anything like the traditional sort exists, our curiosity and intelligence are provided by such a god. We would be unappreciative of those gifts (as well as unable to take such a course of action) if we suppressed our passion to explore the universe and ourselves. On the other hand, if such a traditional god does not exist, our curiosity and our intelligence are the essential tools for managing our survival. In either case, the enterprise of knowledge is consistent with both science and religion, and is essential for the welfare of the human species.
Good human relations not only bring great personal rewards but are essential to the success of any enterprise.
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