COURAGEOUS OFFICE WORKERS WHO BECOME ENTRPRENEURS, RYANAIR, AND AIRASIA

Donghyun Park

Chapter 14 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 62-65 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The social value created by iconic heroes of capitalism such as Steve Jobs is self-evident, and most of us would agree that the millions they make are just reward for their visionary products. Even everyday capitalists — for example, the office worker who quits his job to start his own business — should be rewarded for the risks they take, and for the jobs they create if they succeed. If everybody is content to be an office worker, and nobody has the guts to start his own business, then for sure, the economy would suffer. That economy would be like a pool of stagnant water, with vastly diminished capacity for creating wealth and jobs. The risks that the entrepreneurial few take greatly increases the size and richness of the pie, so that all of us — including the vast majority of us who are content to work for a salary and never start a business — can enjoy bigger and tastier pieces of the pie. They may not be Steve Jobs, and they may be driven by personal greed, but they are heroes who benefit society all the same…

Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers)
JEL-codes: A1 F00 F6 N2 P16 (search for similar items in EconPapers)
Date: 2019
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