The Obama administration says it will create 5-million new jobs in 10 years and I hope it does. But the question is raised: what will be the best way to get this job done to create REAL jobs, through government or private enterprise? Or, ask it another way: who can create new jobs that last, bureaucrats or entrepreneurs? <br />
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You know the answer; the entrepreneurs will create more jobs, and the reason is fairly simple. Free market entrepreneurs are listening to their customers, or their potential customers. If the privately financed, risk-taking business does a good job satisfying customers at a competitive price, the business will make a profit, and grow and still more jobs will be created. If the business fails to satisfy customers at a competitive price, either the entrepreneurial business will quickly change its ways or go out of business. One other thing comes naturally to a private enterprise business: it keeps coming out with better products at a lower price. If company A doesnâ
