Monday, September 15, 2008

Why Government Can't Create Private-Sector Jobs

To run a business is not an easy job to do. You have to have business know-how, a viable vision of what your business is going to produce, and certain traits to succeed. These traits include (among other): individuality, problem-solving, self-confidence, realistic outlook, conceptual ability, drive, determination, patience and a positive attitude. Also, as part of the business know-how a successful entrepreneur has to hire good management, find sufficient capital, find a good location, don't over expand the business too fast, and have a realistic business plan. Sorry, I don't see how government can create entrepreneurial jobs with what I described above. What does gov't know about realistic business plans? No fast over-expanding?, Good management? Individuality? Very little. It's not in its vocabulary especially the over-expanding part.

Even if gov't somehow created a business with the right management are they going to insist management pick certain employees? And how is gov't going to guarantee the business survives if the business does not have customers? Give it loans or grants? That's just burning tax-payers money. The Soviet Union tried testing people for certain jobs. It did not work. Mainly, because even if you find someone who has know-how to run a business, (s)he might not have the drive or passion to be an entrepreneur.

Not everyone can be an entrepreneur. It takes a very special individual to be one. Honestly, I don't think I could be one. I admire anyone who uses his own money to start a business and tries to fulfill his dream even he fails.

The best thing gov't can do for the private sector is to just get out of the way. Let the free market decide. It may not be perfect, but gov't is even less perfect.

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