Tuesday, November 18, 2008

Helping people by doing business

Hot off the press is Business Stripped Bare, where Richard Branson gives a passionate description of how doing business is a good thing. I particularly liked this quote from his friend Job Butcher:

"Entrepreneurs have literally destroyed poverty in the Western world as the rest of the world knows it, and as history knows it. No other social system can compete with the entrepreneurial free market system in terms of productivity, raising standards of living and creating permanent prosperity. Asia has exploded out of poverty in my lifetime thanks to entrepreneurs. Huge chunks of poverty should be taken out of Africa in the next ten years thanks to up-and-coming entrepreneurs. So capitalism actually works. Communism and true socialism are no longer taken seriously because they simply don't work. They actually hurt people. They've kept entire generations in poverty. They are disastrous though well-meaning systems that have ruined hundreds of millions of lives. Yet somehow there are elements of our culture that still associate profit-making with vice."

A perspective well worth keeping in the current times of financial crisis.

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