“We didn’t build this business—somebody else did.”
So reads a sign outside a small roadside craft store in Utah. The message is clearly tongue-in-cheek. But if it hung next to the corporate offices of some of our nation’s big financial institutions or auto makers, there would be no irony in the message at all.
It shouldn’t surprise us that the role of American business is increasingly vilified or viewed with skepticism. In a Rasmussen poll conducted this year, 68% of voters said they “believe government and big business work together against the rest of us.”
Businesses have failed to make the case that government policy—not business greed—has caused many of our current problems. To understand the dreadful condition of our economy, look no further than mandates such as the Fannie Mae and Freddie Mac “affordable housing” quotas, directives such as the Community Reinvestment Act, and the Federal Reserve’s artificial, below-market interest-rate policy.
- May 22, ’13 How the Decline of the Traditional Workplace Is Changing Our Cities
- May 22, ’13 Whey Too Much: Greek Yogurt’s Dark Side
- May 22, ’13 The Secret Donors Behind the Center for American Progress and Other Think Tanks
- May 21, ’13 In defense of digital freedom
- May 21, ’13 Surveillance and the Internet of things