Jeb Bush: Capitalism and the Right to Rise

The freedom to succeed is ALWAYS accompanied by the freedom to fail. I've started, failed and succeeded at several small businesses. When I succeeded it was great. When I failed, it was a learning experience. Personally, I don't believe you can succeed without failure. You learn from failure - your own and that of others, if you are smart.

If you don't learn how to fail, you can't learn how to truly succeed.

From www.theminorityreportblog.com

In freedom lies the risk of failure. But in statism lies the certainty of stagnation. By Jeb Bush

Congressman Paul Ryan recently coined a smart phrase to describe the core concept of economic freedom: “The right to rise.”

Think about it. We talk about the right to free speech, the right to bear arms, the right to assembly. The right to rise doesn’t seem like something we should have to protect.

But we do. We have to make it easier for people to do the things that allow them to rise. We have to let them compete. We need to let people fight for business. We need to let people take risks. We need to let people fail. We need to let people suffer the consequences of bad decisions. And we need to let people enjoy the fruits of good decisions, even good luck.

The right to rise does not require a libertarian utopia to exist. Rather, it requires fewer, simpler and more outcome-oriented rules. Rules for which an honest cost-benefit analysis is done before their imposition. Rules that sunset so they can be eliminated or adjusted as conditions change. Rules that have disputes resolved faster and less expensively through arbitration than litigation.

In Washington, D.C., rules are going in the opposite direction. They are exploding in reach and complexity. They are created under a cloud of uncertainty, and years after their passage nobody really knows how they will work.

Read more at www.theminorityreportblog.com