“Somebody who wants to compete with us can’t because we can afford to hire the guys that can read this stuff and to keep us in compliance with the law. They can’t.” Brad Anderson, former CEO of Best Buy.
[Note: This article was originally posted on December 21st, 2011. The IFNM website was attacked by hackers and many articles are now gone from the archives. As a public service, IFNM is now reposting said articles.]
Some politicians claim that politicians create jobs.
Senate Majority Leader Harry Reid says, “My job is to create jobs.”
What hubris! Government has no money of its own. All it does is take from some people and give to others. That may create some jobs, but only by leaving less money in the private sector for job creation.
Actually, it’s worse than that. Since government commandeers scarce resources by force and doesn’t have to peddle its so-called services on the market to consenting buyers, there’s no feedback mechanism to indicate if those services are worth more to people than what they were forced to go without.
The only people who create real, sustainable jobs are in private businesses — if they’re unsubsidized.
Some CEOs are upset that people don’t appreciate what they do. So they formed a group called the Job Creators Alliance.
Brad Anderson, former CEO of Best Buy, joined because he wants to counter the image of businesspeople as evil. When he was young, Anderson himself thought they were evil. But then he “stumbled into a business career” by going to work in a stereo store.
“I watched what happens in building a business. (My store,) The Sound of Music, which became Best Buy, was 11 years (old) before I made a dollar of profit.”