The Daily Gamecock

Business key to sustaining US economy

Business ownership protects liberties

Taking the initiative to improve quality of life is an essential part of being an American, and starting a business is one of the best ways to improve quality of life.

Recent criticisms of Bain Capital's success is diminishing the American ideals of capitalism, which is the very thing that powers our economy and makes it among the best in the world. Without innovations from capitalism, we will be regressing to when mattresses were the main place to store wealth for individuals.

Over 80 percent of Americans are employed by the private sector. Fights against the private sector, such as corporate tax increases or attempts to increase regulation, will only hurt citizens in the long run.

As a result of government interference in the private sector and its inability to resolve the current recession, 15 percent of Americans are unemployed and nearly 18 percent are underemployed, some of the highest rates America has seen since the Great Depression. Also, the development of our private sector in the U.S. can help our citizens have a better grasp of individual freedoms. Private businesses can give citizens the opportunity to work regardless of the health of the economy.

Starting a business can pay dividends for your children and fellow citizens. It is best to not rely on the government for economic prosperity for your future and to instead call upon your own talents to create financial stability.


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