In our deepest mindsets we all to some degree dream or seek to become successful entrepreneurs and private business owners.. Yet, this can only happen when the business environment is characterized by having a free market economy where Freedom, Capitalism and Entrepreneurship can thrive.. In countries where this environment exists, both intellectual and capital investment combine to create real economic growth resulting into higher employment and greater wealth creation.. Not only does the aggregate economy grow and flourish but human betterment expands..
Countries that foster economic growth and investment deliberately cutback on burdensome and wasteful regulations, lower burdensome corporate taxes and oppressive fees and charges.. The business formation and organization process is streamlined so that new business can rapidly get off the ground and up and running..
In effect, the government gets out of the way and allows the entrepreneurial spirit to succeed.. This, in a nutshell, is how free market Capitalism creates real growth and expanded national prosperity.. No other Economic System or Political Ism known to mankind has ever produced so much aggregate growth and individual wealth as free market Capitalism which drives entrepreneurship and more investment..
In our country the Bahamas, successive governments driven by collective power and individual control have all but destroyed our once prosperous economy and free market system.. Excessive regulations, burdensome controls and excessive fees and taxes act to retard capital formation and new investment..
We have turned ourselves into a collective dependent economy where "big brother" government calls all the shots.. Government always talks a good line, but it words are nothing more than empty promises, foolhardy pronouncements and deliberate lies designed to hoodwink and fool the people into hoping for some political handout or favor..
No creditable investor, either foreign or domestic, would risk capital in our country except those that seek expanded political gain and power through economic control.. In a country where most people cannot ever pronounce correctly the word Entrepreneurship or even comprehend the economic criteria that is necessary for the country to thrive, it is easy to understand why our once prosperous economy is falling down a deep, dark hole..
Will the Bahamian people ever wake up and learn that "government is the problem and NEVER will be the solution"?? Many don't think so as government has become a total reflection of ourselves..
