A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.
Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are then most thriving when left most free to individual enterprise. Protection from casual embarrassments, however, may sometimes be seasonably interposed.
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
Freedom of enterprise was from the beginning not altogether a blessing. As the liberty to work or to starve, it spelled toil, insecurity, and fear for the vast majority of the population. If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this freedom would be one of the greatest achievements of civilization.
In the long run, free trade benefits everyone; in the short run it is bound to produce much pain.
That's free enterprise, friends: freedom to gamble, freedom to lose. And the great thing — the truly democratic thing about it — is that you don't even have to be a player to lose.
The basic rule of free enterprise: You must give in order to get.
The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
The market came with the dawn of civilization and it is not an invention of capitalism. If it leads to improving the well-being of the people there is no contradiction with socialism.
We Asians are the original Conservatives because for thousands of years we have believed in free enterprise? you have just stolen our philosophy.