In my latest article I opined how I viewed this whole “socialism” meme and how it’s not only creeping into everyday life, but also, business in general. That article generated far more interest than I ever imagined. However, one of the queries I received was “Why would a business/motivation type person like yourself want to delve into the political?” Actually I’m not as it’s being viewed and argued today. In other words, it’s not about some current candidates view per sé. It’s about the lackadaisical acceptance of the meme by far too many, and what it portends to business and much more that I rail against.
So, it’s in that context I thought I’d share what I responded with since these response explanations of late have taken on a certain liking with quite a few. To wit:
“I can see how you envision why I may be treading into the political. However, let me assure you, that is not my intention. Yet, I do see where you would assume that since we’re in the middle of the political season and the term “socialism” is currently the buzz word du jour throughout the press.
What you need to remember is this: I am both a fervent believer, and disciple of, true self-reliance and personal-achievement via the original concept and intent of free market capitalism.
As you know I also speak, write, and give seminars (and they’re not cheap) as to help foster these principles for true business economic health. And when the concept of free market enterprise and capitalism, along with its original intent gets bastardized and frivolously thrown around as being something that can, or should, occupy the same space with, or, alongside some perverted representation of crony-capitalism or socialistic structured enterprises enabled and perpetuated only via the interventionist monetary actions facilitated by the central banks – it just drives me nuts. For nothing can be further from the truth.
And it’s not just me which understood this. Many before me have felt the same and it’s not like they were unknowns. Yet, one would think by the trite that’s spewed from many a so-called ‘business expert’ or ‘gurus’ mouth they would understand a little more deeply than just the superficial. But I digress.
As you may know I have a few things I keep on my desk as to remind me what its (“its” being business and self-reliance) is all about. First, is an original 1937, first edition, first printing copy of Napoleon Hill’s “Think and Grow Rich.” Second; are two quotes I had made into desktop plaques. One is from Andrew Carnegie, the other is from Hill. They read:
“The businessman pure and simple plunges into and tosses upon the waves of human affairs without a life preserver in the shape of salary. He risks all.”
That comes from Carnegie’s book “The Empire of Business” 1902 of which I also have a first edition, first printing copy.
The second is from Hill, but it’s from his latter book of 1967 “Grow Rich With Peace Of Mind”. Here he gets right to the heart of this matter…
“It may well be that the Science of Personal Achievement will become a strong factor in neutralizing the cancerous evil known as communism, which now threatens the liberty of all mankind.”
You can not believe, or allow, for the preservation of capitalism, as well as, true personal achievement where the benefits are to be had by all if you hold any part of the socialistic or crony capitalistic construct. Period. Let alone allowing for it to be, let’s say, “tolerated.” The two do not go together. Nor should they. Ever.
There’s currently what I call a ‘business-culture war’ taking place today where far too many are arguing “QE” is a “good thing” for business, and not equating it with the harmful effects of crony capitalism and more.
Same goes for many when they view a business owner. They now assume “they’re all rich!” when nothing could be further from the truth. Far too many in society have lost the understanding of: An employee always gets a salary – the business owner only gets one if there’s anything left after they pay said employee. All the while conveniently forgetting the most important factor of that agreement: If there wasn’t enough to begin with to pay the employee – they (the business owner) would need to go borrow it to meet that payroll.
The business owner (regardless of size) takes on all the risks in perpetuity, therefore reaps the rewards accordingly. An employee only takes on the risk that there will be a paycheck at the end of the week for their services rendered that week.
However, that’s the known risks for the business owner going in. And it’s also why few are willing to take that risk. That’s why there was always an understood risk/reward dynamic within the business world between employers and employees. It was understood by both. As well as freely accepted by both.
However, today with bank bailouts, QE fueled markets that allow CEO’s to enrich themselves via stock buy backs, along with the casualness as to the adulterating of business fundamentals such as Non-GAAP and more has clouded exactly what the vast number of businesses both large and small must deal with in today’s market place. e.g., Reality.
All I’m trying to do are two things. First: Help those in business that know something just isn’t right, but don’t know exactly what it is or, how to overcome it. And second: Remind those that clearly should know better – of it. Even if it means making them a little uncomfortable in the process.
Free enterprise, along with the right to choose one’s own economic destiny, and create it, is far too important to allow it to be glossed over willy-nilly as if ‘Hey, a little bit of that over here wouldn’t be such a bad thing, would it?’
I’m just here doing my best both to remind, and tell, the business community not only is a little a bad idea. The whole notion of it here would end up turning into our greatest nightmare. After all, just look to Venezuela for your most recent clue. Originally they too thought ‘just a little’ wasn’t such a bad thing at first. How’s that working out?
Other than that – I have no strong feelings on the matter.”
© 2016 Mark St.Cyr