Saturday, September 4, 2010

“Giving Back” for One’s Business Success

It has become a cliche. Ask a wealthy business man or woman why they are contributing heavily to charity and you often get the standard answer which approximates, “I am giving back to society.”

This is nonsense. Unless the person has been an outright crook, any businessman has been successful because he or she has performed a worthwhile public, consumer service in a competitive free market,

The government does not fulfill consumer demands, not for long, or socialistic forms of government would consistently prevail. They have not. Private industry fulfills consumer needs.

Examples: The fact Henry Ford was successful at what he did, meant the customers also profited. What did he have to give back? What about Sam Walton of Walmart? If he offered lower prices the public loved, what did he have to give back?

No comments:

Post a Comment