Private Enterprise

Remarkably, Bernstein describes the ideas presented as "bold" and "progressive," but in truth, they're the same lame-brained policies of redistribution that the left have been promoting for decades. And as they're anti-capital formation by Bernstein's very own admission, they're also inimical to the very prosperity that has long made the U.S. the country where poverty is cured. To be clear, if this is the best the Democrats have, they'll long remain in the minority.

It is vain to advocate a bureaucratic reform through the appointment of businessmen as heads of various departments. The quality of being an entrepreneur is not inherent in the personality of the entrepreneur; it is inherent in the position which he occupies in the framework of market society. A former entrepreneur who is given charge of a government bureau is in this capacity no longer a businessman but a bureaucrat.

Where are you more likely to earn a better income, in the private sector or working for the government? It turns out that those employed by the federal government, who also have high school diplomas or bachelors’ degrees, are likely to be financially far better off.