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Capitalism Allows You to Become an Entrepreneur, but also Saves You from Becoming One

I think that capitalism, as an economic philosophy and foundation for economic organisation is good. For most people.

Capitalism allows individuals to harness resources to produce needed or wanted goods and services for other individuals or organisations. The production process often requires the contributions of other individuals, and so jobs are created. If the enterprise is sustainable over time, those employed individuals can have long careers in that firm. If the economy is vibrant, those individuals can offer their skills (which they have refined through practice in that firm) to other firms, if they so choose.

The burden of entrepreneurship is borne primarily by the individual entrepreneur, the one who spots the opportunity, and takes the risk of creating the enterprise. And this burden of entrepreneurship is heavy. It requires one to step out into the unknown, and become vulnerable- to financial failure, and the social angst that “failure” carries along with it.

Capitalism allows those who are talented and naturally oriented towards creating and building enterprises, to do so. And it allows the many who are not, to still contribute meaningfully.

 

#BTAOE

By Brian

I’m Brian Gachichio. I write and advise on strategy design and execution and performance measurement and management in organizations.

My goal is to provide the innovative thinking that leads to high-impact solutions to business problems and help produce above-average results.