Thursday, August 16, 2018

A business lesson for socialists

A good business lesson for socialists and for those who work as teachers or in government or in academe or for "non-profits" and have never examined who or what is a business or a capitalist.

https://townhall.com/columnists/laurahollis/2018/08/16/a-business-lesson-for-socialists-n2510256

“The article is constructed on one flawed assumption after another.

First, the authors seem to be equating business with huge multinational corporations. But most businesses in the U.S. are small. The U.S. has approximately 28 million firms. Of those, about 21 million -- nearly 80 percent -- employ no one but the owner(s). Of the remaining 7 million companies, the vast majority employs fewer than 20 people. Further, most businesses in the U.S. aren't incorporated, but of those that are, fully 80 percent are small, closely held corporations owned and operated by families.”

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