In this episode of WichitaLiberty Radio: Mary Beth Jarvis delivered the keynote address of the Kansas Republican Party Convention for 2014. She spoke on the topics of private enterprise and the profit and loss system.
Mary Beth Jarvis is Chief Executive Officer and President at Wichita Festivals. Prior to that, she worked in communications at Koch Industries, and before that in the United States Air Force.
In her speech, she said “Entrepreneurial capitalism — you know what that is — it’s not cronyism. It’s real courage, real risk, real passion, and real effort.”
Expanding on the importance of entrepreneurial capitalism, she told the audience:
“What else is necessary for that kind of entrepreneurial capitalism, that kind of engine for improvement, is that you always respect that what you need is a clear tie to market signals of what’s really adding value, what’s really making people’s lives better. That dedication to maintaining strong markets and to maintaining liberty is absolutely essential.
“It is also essential to find out quickly and clearly if this is the necessary message, that our efforts — however industrious — are not creating value. Because only then can you divert resources to that which will help us all. So the reward for successfully bringing value to someone ought to be clear, and the signal that you are not, ought to be clear, and the only way to do that is an absolute adherence to the principles of free markets and the improvement that they provide.”
In conclusion, she said: “In those public policy endeavors that you work so hard, and devote your energy and passion to, doing what’s right really means: Measuring ideas and actions by the yardstick of freedom and markets. The mantra that markets matter then becomes the platform for which the greatest progress and the greatest good in the improvement of our quality of life can happen.”
This was recorded on Friday January 24, 2014. This is a portion of her speech.