Enterprise Quotes - page 11
The difficulty of exercising "social responsibility” illustrates, of course, the great virtue of private competitive enterprise - it forces people to be responsible for their own actions and makes it difficult for them to "exploit” other people for either selfish or unselfish purposes. They can do good-but only at their own expense.
Milton Friedman
IN a free‐enterprise, private‐property system, a corporate executive is an employe of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom. Of course, in some cases his employers may have a different objective. A group of persons might establish a corporation for an eleemosynary purpose-for example, a hospital or school. The manager of such a corporation will not have money profit as his objective but the rendering of certain services. In either case, the key point is that, in his capacity as a corporate executive, the manager is the agent of the individuals who own the corporation or establish the eleemosynary institution, and his primary responsibility is to them.
Milton Friedman
The profit motive should not be confused with the profit system. By the profit system, of course, we mean the institution of private property in capital goods and the free private enterprise that goes along with it. There is no reason why the "profit motive" should be necessarily connected with the profit system. In a profit system there is nothing to prevent anyone acting on altruistic lines; there is no law that says a businessman must maximize his profits. If a businessman chose to operate with outputs, prices, and wages that yielded him a smaller profit than the maximum, but which he felt were socially more desirable, there is nothing in the profit system that would prevent him from doing this. Nothing in the profit system would prevent the most ardent liberal from refusing an increase in wages, or from accepting an unpleasant and poorly paid job. At the other extreme, there is nothing in a communist system that would do away with the profit motive, or the "advantage motive."
Kenneth Boulding
Anyone who has actually had to take responsibility for consequences by running any kind of enterprise whether economic or academic, or even just managing a sports team is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.
Thomas Sowell
As I plodded back and forth I reflected miserably upon my own political rootlessness, in a world where politics is so important. When I am with Tories I am a violent advocate of reform; when I am with reformers I hold forth on the value of tradition and stability. When I am with communists I become a royalist - almost a Jacobite; when I am with socialists I am an advocate of free trade, private enterprise and laissez-faire. The presence of a person who has strong political convictions always sends me flying off in a contrary direction. Inevitably, in the world of today, this will bring me before a firing squad sooner or later. Maybe the fascists will shoot me, and maybe the proletariat, but political contrariness will be the end of me; I feel it in my bones.
Robertson Davies
Allow me briefly to allude to some of these improvements. The question of building up class interests, or fostering one branch of industry to the prejudice of another under the exercise of the revenue power, which gave us so much trouble under the old constitution, is put at rest forever under the new. We allow the imposition of no duty with a view of giving advantage to one class of persons, in any trade or business, over those of another. All, under our system, stand upon the same broad principles of perfect equality. Honest labor and enterprise are left free and unrestricted in whatever pursuit they may be engaged. This old thorn of the tariff, which was the cause of so much irritation in the old body politic, is removed forever from the new.
Alexander H. Stephens
Now, such an enterprise as would be the drawing and printing [by lithography ] of a series of, for instance, thirty pages of types of workmen, a sower, a digger, a woodcutter, a plowman, a wash-woman, then also a child's cradle or a man from the almshouse - well, the whole immeasurable field lies open, there are plenty of beautiful subjects - I should think the following would be the best way: as it is useful and necessary that Dutch drawings are made, printed, and spread, destined for the houses of workmen, a few persons should unite in order to use their full strength for this end.
Vincent van Gogh
The great harm done by bourgeois society, as we have already mentioned, is not only that capitalists seize a large share of the profits of each industrial and commercial enterprise, thus enabling them to live without working, but that all reduction has taken a wrong direction, as it is not carried on with a view to securing well-being to all. For this reason we condemn it.
Peter Kropotkin
It is evident, as Proudhon has already pointed our, that the smallest attack upon property will bring in its train the complete disorganization of the system based upon private enterprise and wage labor. Society itself will be forced to take production in hand, in its entirety, and to reorganize it to meet the needs of the whole people.
Peter Kropotkin
When we were told that by freedom we understood free enterprise, we did very little to dispel this monstrous falsehood. Wealth and economic well-being, we have asserted, are the fruits of freedom, while we should have been the first to know that this kind of ''happiness'' has been an unmixed blessing only in this country, and it is a minor blessing compared with the truly political freedoms, such as freedom of speech and thought, of assembly and association, even under the best conditions.
Hannah Arendt
Actually, a kind of state socialism seemed to be gaining more and more ground, furthered by many of the [Nazi] party functionaries. They had already managed to have all plants owned by the state distributed among the various party districts and subordinated to their own district enterprises... Our very system of industrial direction in the interests of war production could easily become the framework for a state-socialist economic order. The result was that our organization, the more efficient it became, was itself providing the party leaders with the instruments for the doom of private enterprise.
Albert Speer
In academia much bogus knowledge is tolerated in the name of academic freedom – which is like allowing for the sale of contaminated food in the name of free enterprise. I submit that such tolerance is suicidal: that the serious students must be protected against the "anything goes” crowd.
Mario Bunge
Humanity needs practical men, who get the most out of their work, and, without forgetting the general good, safeguard their own interests. But humanity also needs dreamers, for whom the disinterested development of an enterprise is so captivating that it becomes impossible for them to devote their care to their own material profit.
Marie Curie
If I were compelled to state in a single sentence the most significant contribution of our movement to modern civilization, I should say that it is the application of the idea of continuous and experimental research, found so effective in economic enterprise, to the business of public administration intimately and in a deep-thrusting sense, a contribution to the processes by which modern mankind is striving with all its resources to emancipate itself from the tyranny of rules of thumb and the blind regimen of nature, becoming conscious of its destiny as an all conquering power.
Charles A. Beard
