The great Ludwig Von Mises participated in Austria's brilliant flare before the match went out, and escaped the Nazis to end up teaching as a privatdozent at NYU. He elucidated the field of economics and took apart socialism, the reigning economic system worldwide in his time.
I believe there is a symbiotic relationship between small and big business, following Drucker that is, innovators and conservators. The innovators introduce the new, and ever improve it iteration after iteration, until it gets to a point where the conservators spot it as a candidate for commodification. It is at this point, one way or another, the conservators apply their economies of scale to the formerly specialty item, and bring the cost and price down to where virtually everyone has access to that material benefit or service.
This is how the free market works, and it is the only system that offers progress and justice. The instance the state or some other entity has the power to interfere, the system then gets distorted to some degree, usually a matter of zero-sum gaming, to benefit one group and harm another.
The Mises quote below is risible today. Big business today depends entirely on the state. If their subsidies were withdrawn, their entire operations would disappear faster than Hostess Twinkies did. The days of big business depending on patronage of customers are long gone, and it will be a problem apres deluge if people do not understand the proper role of big business. Big business grows organically, and cannot be "protected."
McDonald's has an astonishing array of beneficial regulations and subsidies, and is doing fine in USA, as well as the the other anglophone welfare states. But in the growing but less regulated (no coincidence there) economies, McDonalds cannot keep up.
Asia/Pacific, Middle East and Africa (APMEA) turned in a 9.5 percent decline, despite strength inAustralia - steeper than the 5.8 percent analysts had anticipated. McDonald's cited continued weakness in Japan and the shift in the timing of the Chinese New Year.
At the same time, the founder of Subway says he could not have begun today.
FRED DELUCA: It’s continuously gotten worse, because there’s more and more regulations. It’s tougher for people to get into business. Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation. - See more at: http://freebeacon.com/subway-founder-subway-would-not-exist-if-started-today-due-to-government-regulations/#sthash.Rha3Q8kp.dpuf
Regulations are killing the USA economy. But who cares, the game is on tonight and the EBT card has just been reloaded.
Feel free to forward this by email to three of your friends.
Feel free to forward this by email to three of your friends.
I believe there is a symbiotic relationship between small and big business, following Drucker that is, innovators and conservators. The innovators introduce the new, and ever improve it iteration after iteration, until it gets to a point where the conservators spot it as a candidate for commodification. It is at this point, one way or another, the conservators apply their economies of scale to the formerly specialty item, and bring the cost and price down to where virtually everyone has access to that material benefit or service.
This is how the free market works, and it is the only system that offers progress and justice. The instance the state or some other entity has the power to interfere, the system then gets distorted to some degree, usually a matter of zero-sum gaming, to benefit one group and harm another.
The Mises quote below is risible today. Big business today depends entirely on the state. If their subsidies were withdrawn, their entire operations would disappear faster than Hostess Twinkies did. The days of big business depending on patronage of customers are long gone, and it will be a problem apres deluge if people do not understand the proper role of big business. Big business grows organically, and cannot be "protected."
McDonald's has an astonishing array of beneficial regulations and subsidies, and is doing fine in USA, as well as the the other anglophone welfare states. But in the growing but less regulated (no coincidence there) economies, McDonalds cannot keep up.
Asia/Pacific, Middle East and Africa (APMEA) turned in a 9.5 percent decline, despite strength inAustralia - steeper than the 5.8 percent analysts had anticipated. McDonald's cited continued weakness in Japan and the shift in the timing of the Chinese New Year.
At the same time, the founder of Subway says he could not have begun today.
FRED DELUCA: It’s continuously gotten worse, because there’s more and more regulations. It’s tougher for people to get into business. Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation. - See more at: http://freebeacon.com/subway-founder-subway-would-not-exist-if-started-today-due-to-government-regulations/#sthash.Rha3Q8kp.dpuf
Regulations are killing the USA economy. But who cares, the game is on tonight and the EBT card has just been reloaded.
Feel free to forward this by email to three of your friends.
"Big business depends entirely on the patronage of those who buy its products: the biggest enterprises loses its power and its influence when it loses its customers."
— Ludwig von Mises, in Economic Policy
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