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Updated: June 22, 2025
The individual landlords lease their lands in great farms to lessees who are able to cultivate them in a capitalistic fashion and do not, like our peasants, work with their own hands, but employ laborers just like capitalistic entrepreneurs.
The hiring-booths of enterprises on the three planets now under development took applications for jobs on those remote worlds, and explained how long one had to contract to work in order to have one's fare paid. Chambers of Commerce representatives were prepared to give technical information to prospective entrepreneurs.
Exclusive ownership is the most ancient type of such remuneration. First movers, entrepreneurs, risk takers, owners of the wealth they generated, exploiters of resources are allowed to exclude others from owning or exploiting the same things. Mineral concessions, patents, copyright, trademarks are all forms of monopoly ownership.
He cannot understand how competing entrepreneurs can manage to sell the entire product of labor including the surplus product for so much more than the natural cost of production. Here again that "force" of his which, in his estimation, is the very evil thing, comes into play.
Such a man as myself who is known to command a considerable publicity is necessarily a prey to those moral entrepreneurs.
The testimony to the existence of this force is capitalistic profit, and the amount of this latter depends upon the extent and intensity of the power of 'force.... Capitalistic profit is a political and social institution which manifests itself very strongly as competition. The entrepreneurs take their stand on this relation and each one of them maintains his position.
America is once again the world's strongest economic power: almost six million new jobs in the last two years, exports booming, inflation down, high-wage jobs are coming back. A record number of American entrepreneurs are living the American dream. If we want it to stay that way, those who work and lift our nation must have more of its benefits. Today, too many of those people are being left out.
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