As a very young man, I was fortunate enough to start my own company out of my apartment using a small amount of investment capital from friends and family. Over time, that business grew to have over 6,000 employees and revenues in excess of $2 billion. Over nearly a 40-year span, my team and I built what some would consider a remarkable track record, as measured by both sales and profits.
Because of my experience growing that business, I feel a special kinship with small, privately owned businesses and their owners. I also come from a middle-class background, one that shaped me into the person I am today. It is through both the lens of entrepreneur and member of the middle-class that I look through when reflecting upon this Independence Day.
In Scotland, the gravesite and memorial of Adam Smith, the Enlightenment philosopher who is widely considered the father of modern capitalism, is now being targeted by local officials’ in an investigation over possible ties to “slavery and colonialism,” as reported by Breitbart.
The Edinburgh City Council launched a formal review of various statues, memorials, monuments, and other historical locations throughout the city in the aftermath of the far-left race riots last summer. The investigation is seeking any potential candidates for “removal or re-interpretation” if any of them are found to allegedly have ties to “racism and oppression.” The council consists almost entirely of members of left-wing parties, including the Labour Party and the Scottish National Party.
by Lawrence Reed Everybody knows who America’s first president was, but can you identify the country’s first economist? If any man or woman deserves that description, it is surely the one who wrote this and so much more: I propose . . . to take off every restraint and…
by Spencer Morrison Between 1348 and 1352 a monstrous plague – the Black Death – ravaged Europe. The disease struck young and old, men and women, saint and sinner alike. Half the population died. Whole cities disappeared. Western Civilization was on the brink of collapse. What caused this plague?…