When you do business in the free world, you accept a truth. You’re in a competition to attract the time and money of others, and you agree that both are scarce. You accept that what you manufacture or sell, others can too. You welcome that the time and money you ask for has myriad other places to go. Success in business then, isn’t guaranteed. Capitalism is the world of laissez-faire where the laws of demand and supply determine whether you earn enough to buy food for your table. Accordingly, capitalist business owners shun governments who interfere with their free market plans through taxes, regulations, and consumer protections. Yet, it amazes me that as soon as a crisis tips that equation to a business’ disadvantage,…
Tagged: Business, Capitalism, Covid-19, Crisis, Demand, Diversification, Economics, Government, Supply