Krauthammer on You Didn't Build That

http://www.futureofcapitalism.com/2012/07/krauthammer-on-you-didnt-build-that

Charles Krauthammer writes:

Everyone drives the roads, goes to school, uses the mails. So did Steve Jobs. Yet only he created the Mac and the iPad.

Obama's infrastructure argument is easily refuted by what is essentially a controlled social experiment. Roads and schools are the constant. What's variable is the energy, enterprise, risk-taking, hard work and genius of the individual. It is therefore precisely those individual characteristics, not the communal utilities, that account for the different outcomes.

Or, as I put it here the other day:

Never mind that there are lots of people who have the same great teachers, roads, bridges, and the Internet and who, for whatever reason, do not choose to build businesses

by Editor  |  Jul 20, 2012 at 7:39 am Related Topics:  President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list