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Last Update: Sunday July 25, 2021

The only path to economic independence: Small Business

Meet scholar, Michael Novak

Meet author-scholar, Michael Novak who explains how he learned that capitalism, not socialism, is the only proven path from poverty
to prosperity. He was an academic socialist very early in his career.

Washington, DC: Let us all examine the foundations of freedom and justice, and the self-evident and deep-seated truths about life, liberty, and the pursuit of happiness.

Yes, spend some time to meet and understand Michael Novak, a man whose life study is of the foundations of government systems that work. And here he discovered small business has the heart and spirit that sustains and nurtures democratic capitalism.   Michael Novak strikes deep into the heart of public debate about what works and what doesn't work within economic systems, and he says that small business owners are demonstrators. They're on the front lines, risking and fighting the good fight every day. Small business owners take lofty principles and reduce them to nitty-gritty practice.

As a people, the debate about capitalism should no longer be the domain of economists and intellectuals. We all need to grapple with the first principles of ethics, economics, and government. Virtually overnight globalization is a reality and belief systems are butting against one another, often shredding civility and undermining any inherent ethics and morality.

Each of us needs to engage in the historic debate about economic models. What works? What is good for people? Is this singular focus on "Return to Shareholders" a truncation of capitalism? Do we need to be looking at a more balanced model that includes more than the growth of the bottom line?

What is the hope of the future? We profoundly believe it has a lot to do with small business and individual initiatives; yet here, we simply open our dialogue and begin to chart a new course.

Study further...

1.   America's first charter became
      the footings for the Declaration of Independence

2.    More from Albert Black on Ownership

3.   Enrique Suoto:  "...the most important thing is honesty."

4.   Celebrate and Respect people.      

5.   Celebrate and Respect ideas:  Innovate

Risking capital and time to create something of value to sell and service.

Join The American Revolution

2:33 | Play Now   Michael Novak explains that Americans tend to be doers rather than deep thinkers and prolific writers.  With a preference for action, business owners are misunderstood since they rarely stop to explain themselves or spend time with the elites who are writing the textbooks.

Teach Employees How To Own Their Job

2:09 | Play Now   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. 

Give Up Titles And Trappings

3:16 | Play Now   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.

See Ownership As Your Calling

2:01 | Play Now   Michael Novak says that Christians and Jews believe it is their duty to improve the human condition. Albert Black, owner of On Target Supplies & Logistics, 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 earning. More...

Play By The Rules

1:10 | Play Now   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.

Work Long Hours

2:21 | Play Now   The dry cleaning business is hard. All retail requires that the doors be open to serve customers, but a retail service business is 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."  Michael Novak says that capitalism depends upon people who work hard.

Build Your Business As A Three-Legged Stool

1:59 | Play Now   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.

Do What Interests You

1:46 | Play Now   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.

Be The Adult In The Room

1:38 | Play Now   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.


Invent The Future - Study The Early Presidents of the USA

2:14 | Play Now   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.."

Be All You Can Be

1:41 | Play Now   Michael Novak says that small business is the most important institution in a civil society.  This is true 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.