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Capitalism: Path to Prosperity

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Capitalism: Path to Prosperity

On Becoming Economically Independent

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Michael Novak explains why he believes that capitalism, not socialism, is the only proven path from poverty to prosperity.    Homepage

Learn the basics of the American Revolution.

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Novak explains that Americans tend to be doers rather than deep thinkers and prolific writers. With a preference for action, American business owners are misunderstood since they rarely stop to explain themselves or spend time with elites who write business books.  Home

Teach Employees How To Own Their Job

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Grace Tsujikawa, Ray DiSanto, Ron Bowman, and Albert Black are just a few of the millions of Americans who have transformed their life by delivering an extraordinary service to hundreds of customers.  In their own way, each moved from poverty to wealth.     Homepage

Give Up Titles And Trappings

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Ron Bowman develops and owns real estate. He enjoys living in several multi-million dollar homes and running his company via the telephone and a fast web connection. He never did that well in school and he's never held a title of any kind. He's not an elite, he's a proud business owner who is very much in charge of his own life.     Homepage

See Ownership As Your Calling

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Michael Novak says that Christians and Jews believe it is their duty to improve the human condition.  This is Albert Black, owner of On Target Supplies and Logistics.  He told us that creating jobs is, "God's work." A devout Christian, Albert feels called by God to be a business owner.  He feels God has given him the ability to help people develop themselves so he has built a business where employees are learning and therefore earning.     Homepage

Play By The Rules

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The Sherman Antitrust Act of 1890 is the law of the USA and is still used to keep backroom business deals and monopolistic tendencies in check. Transparency in business is the backbone of democratic capitalism. It cannot work without integrity and ethics.   Homepage

Work Long Hours

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The dry cleaning business is hard. All retail requires that the doors be open to serve customers and we think a retail service business is even more complicated than selling products. The challenge, the joy of serving people and the thrill of the chase are what drive owners to work long, hard hours. As one owner told us, running a business in not for wimps and we learn from Michael Novak that capitalism depends upon people who work hard.   Homepage

Build Your Business As A Three-Legged Stool

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Hattie distills the eight-hour interview she did with Michael Novak into less than two minutes. Here she reminds us that the American brand of capitalism is based upon private ownership of property and businesses, the rule of law,  and the moral habits most of us learn in church or a synagogue.  Homepage

Do What Interests You

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The founders of Diversified Chemicals are interested in chemistry. They love coming up with new products to solve hard problems. They make many types of coatings and adhesives and are working now to capture the rubber in old tires for new purposes.   Homepage   Go to Diversified Chemicals

Be The Adult In The Room

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Running a business means you have the weight of it on your shoulders. You may have smart, creative people on your team but when everyone has gone home for the day, you will still be there. Michael Novak says that capitalism is good for the soul and he means that you become a better person when you take on the responsibility of leading employees and pleasing customers.   Homepage   Music 

Invent The Future On Strong Foundations

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Capitalism is organized around the mind.  In the American version of capitalism, wealth springs from new ideas, from discovery and invention.  This is why the founder of IBM insisted that those on his payroll have a sign in their office that said, "THINK.."   Homepage  Invent

Be All You Can Be

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Michael Novak says that small business is the most important institution in a civil society because every business owner must develop themselves and become the best that they can be.  The demands of leadership in a small company are such that the owner becomes confident, articulate, bold and tough even in the face of his own government.  Michael goes so far as to say that a small business owner becomes a sovereign. Home

Business owner, Enrique Souto, says,  "...the most important thing is honesty.