A Quote by Dwight D. Eisenhower
When shallow critics denounce the profit motive inherent in our system of private enterprise, they ignore the fact that it is an economic support of every human right we possess and without it, all rights would disappear.
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We hold that the ownership of private property is the right and privilege of every American citizen and is one of the foundation stones upon which this nation and its free enterprise system has been built and has prospered. We feel that private property rights and human rights are inseparable and indivisible. Only in those nations that guarantee the right of ownership of private property as basic and sacred under their law is there any recognition of human rights.
The problem isn't that conservatives are wrong about the efficiency of markets or the creativity of enterprise. It's that they have made false idols of both, usually without acknowledging that markets work best when well regulated, that private enterprise cannot meet every human need, that government has always played a critical role in our economy, and that the profit motive can be socially and environmentally destructive as well as dynamic.
There can be no freedom of the individual, no democracy, without the capital system, the profit system, the private enterprise system. These are, in the end, inseparable. Those who would destroy freedom have only first to destroy the hope of gain, the profit of enterprise and risk-taking, the hope of accumulating capital, the hope to save something for one's old age and for one's children. For a community of men without property, and without the hope of getting it by honest effort, is a community of slaves of a despotic State.
In actual
fact, it is the State, i.e., the taxpayer who has become responsible
to private enterprise. In Fascist Italy the State pays for the
blunders of private enterprise Profit is private and individual.
Loss is public and social.
The quickest and surest way to production, prosperity, and economic growth is through private enterprise. The best way for governments to encourage private enterprise is to establish justice, to enforce contracts, to insure domestic peace and tranquility, to protect private property, and to secure the blessings of liberty including economic liberty - which means to stop putting obstacles in the way of private enterprise.
Trickle-down economics doesn't work, but we need the power and innovation that comes from the free enterprise system. There's no way we're going to decarbonize the American economy without innovation and the profit motive. It's just not gonna happen.
I believe that the human motive to share is very powerful. The human motive to profit is also very powerful, and I think that the profit motive and the sharing motive are not exclusive.
Our example - and commitment - to freedom has changed the world. But along with the genius of our Declaration of Independence, our Constitution, and our Bill of Rights, is the equal genius of our economic system. Our Founding Fathers endeavored to create a moral and just society like no other in history, and out of that grew a moral and just economic system the likes of which the world had never seen. Our freedom, what it means to be an American, has been defined and sustained by the liberating power of the free enterprise system.
The third absolute right, inherent in every Englishman, is that of . . . the sacred and inviolable rights of private property.
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.
Everyone has an equal and absolute right to sovereignty over his own body, his own property, and his own life, and to pursue his own happiness in any way that he chooses. No one has the authority to grant rights to anyone else, because human beings already possess all natural rights at birth. These rights include both personal and economic freedoms, and the only way they can be lost is if someone takes them away by force. The only right that an individual does not naturally possess is the right to violate someone else's liberty.
There is no worse material poverty than one that does not allow for earning one’s bread and deprives one of the dignity of work. Youth unemployment, informality, and the lack of labor rights are not inevitable; they are the result of a previous social option, of an economic system that puts profit above man; if the profit is economic, to put it above humanity or above man, is the effect of a disposable culture that considers the human being in himself as a consumer good, which can be used and then discarded.
Water must be free for sustenance needs. Since nature gives water to us free of cost, buying and selling it for profit violates our inherent right to nature's gift and denies the poor of their human rights.
Every system tries to get people to conform to support that system. That goes for communism, socialism, free enterprise, or any other civilization. If they don't demand loyalty, they can't keep their civilization together. So what they do is they teach things that would support an established system. We do not advocate an established system. TVP talks of an emergent system into state of change. So that we always prepare people for the next changes coming ahead. So that people will not cling to the past.
The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.
As I wrote I began to see more strongly that there were inescapable analogies. You couldn't really live through the '80s without feeling how crass and distasteful some of the economic doctrines were. The slave trade is a perfect model for that kind of total devotion to the profit motive without reckoning the human consequences.
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