ANTONELLA MARTY

NEWS + ANALYSIS

HONOR ENTREPRENEURSHIP, NOT THE CORPORATE STATE THAT PRODUCES MISERY, HUNGER, AND SCARCITY

May 14, 2019 | by Antonella Marty

Throughout Latin America, it is clear that the support base for home-grown populism lies in the state sector—state-owned companies created and maintained by successive governments. As a general rule, they have proved to be deficient and unproductive, and their final product is invariably a string of failures and poor economic results. By the same token, these companies are run by state bureaucrats who essentially fear competition and strongly reject anything related to innovation and progress. The spirit of innovation and entrepreneurs is fundamental to the growth of any country, provided an atmosphere of absolute labor freedom is assured. Those men who make a career out of overcoming state regulation are generators of competition and the engines of growth. They improve the lives of ordinary people. They are the real heroes, and plenty of them can be found all over the world.

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