Here in the U.S. election season is in full swing, and it’s near impossible to find relief from the minute by minute relentless political ads, along with the ever-present media commentary. However, I never contemplated when I previously prayed, then begged for relief from the incessant pharmaceutical ads that bombarded me daily that my calls would be answered in the form of replacing them with ads of the political sort. Now I find myself again pleading or begging to return those intestinal discomfort or dysfunction et al ads. It truly gives credence to that old saying: “Be careful what you wish for!” Which is fitting to the topic of not only today’s politics, but business in general.
One of the newest (although it’s as old as time itself) idea dynamics to openly enter the U.S. political/business debate in my lifetime has undoubtedly been: Socialism.
What has baffled me is not only the rapid acceptance of the idea, rather, the call for it to be implemented here in the U.S. on a grand scale. We currently not only have politicians publicly advocating it, we also have many “business leaders” demanding varying forms of its implementation throughout sectors of the economy.
Whether or not one agrees with what is being called for, as well as, what has already been implemented, is up to you. Understanding the how, why, and where it leads based on prudent contemplation and where you’ll fit in as an entrepreneur, business leader, or solo-practitioner is quite another. For no matter what the political theme-of-the-day is currently being touted (i.e., Get the 1%! et al.) The people directly in those cross-hairs of “other people’s money” are going to be aimed squarely on the business communities balance sheets, as well as profits. Regardless if they have any. Remember that.
One of my personal favorite economic writers Thomas Sowell recently wrote an article where he describes, as well as, makes a poignant observation.
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