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Posts tagged as “Entrepreneurship”

Kansas Governor Parkinson says “thank you”

Outgoing Kansas Governor Mark Parkinson has released a list of his favorite achievements, almost all of which decreased economic freedom and business vitality in Kansas.

In Wichita and Kansas, economic development is not working

The effort of Wichita and Kansas to retain Hawker Beechcraft, one of our leading employers and a Wichita institution, provides a lesson in the futility of corporate welfare as an economic development policy: Someone is usually willing to pay more. We would be much better off if we start transforming Kansas to a state where all companies are nurtured, not by bureaucratic and political oversight and handouts, but by a low taxing and spending environment, and a reasonable regulatory regime.

Will the real robber barons please stand up?

At the April 13th meeting of the Wichita City Council a request from downtown developer Real Development will be made for an additional $2.2 million taxpayer subsidy for its condo project Exchange Place, located at Douglas and Market. With two weeks to go before this public hearing there is still time for council members to read The Myth of the Robber Barons by Burton Folsom. Folsom’s easy-to-read 134-page narrative lays out the case for entrepreneurship in America and can be read in one evening. It’s a history lesson worth reading by all.

Privatization of Wichita city parks

In a post concerning the possible privatization of City of Wichita parks maintenance, I called for, in a rather oblique way, privatization of city parks. A commenter picked up on this and wrote "I’m wondering how the parks would be decided by the market. Wouldn’t the parks have to charge an entry fee in that case?"

It's a good question. Broadly, what would happen if the City of Wichita decided not to provide public parks? Would there then be any privately owned parks? What would these parks be like, if there were any?

Wichita Taxes Cancel Development

Carrie Rengers’ Wichita Eagle column from yesterday (Warehouse plans near airport are called off) reports on two Wichita real estate developers who have canceled a…

No Kansas subsidy to Northern Flyer

When it comes to government money, there's no shortage of people who have ideas on how to spend it. One group that has grand ideas of how government should spend your money is the Northern Flyer Alliance. This group promotes passenger train service in our area. Currently they're promoting extension of rail service from Oklahoma City to Wichita.

Wichita’s Naysayers Are Saying Yes to Liberty

Wichita politicians, newspaper editorial writers, and sometimes just plain folks are fond of bashing those they call the “naysayers,” sometimes known as CAVE people. An…

Downtown Wichita Arena TIF District

Remarks to Wichita City Council, August 5, 2008. When I’ve been talking to people in Wichita, I find there is great confusion about the way…

Wichita and the Old Town Warren Theater Loan

Remarks to be delivered to the Wichita City Council, July 1, 2008. Mr. Mayor and members of the Council, we are potentially beginning a journey…

The Entrepreneur As American Hero

Here’s Williams’ law: Whenever the profit incentive is missing, the probability that people’s wants can be safely ignored is the greatest. If a poll were taken asking people which services they are most satisfied with and which they are most dissatisfied with, for-profit organizations (supermarkets, computer companies and video stores) would dominate the first list while non-profit organizations (schools, offices of motor vehicle registration) would dominate the latter. In a free economy, the pursuit of profits and serving people are one and the same. No one argues that the free enterprise system is perfect, but it’s the closest we’ll come here on Earth.

The Value of the Businessman

An outstanding feature of the open market is the businessman, whose success or failure depends entirely on his ability to "focus on consumer needs" and so combine existing and potential factors of production to serve consumers most efficiently. The only constructive role government can play under the free market method of overcoming poverty is to see that the participation of individuals is strictly voluntary--that none is permitted to steal from or cheat or enslave another. In the free and open society, the organized force of government is to be used only if necessary to protect the lives and property of peaceful individuals. In other words, the proper function of government is to protect against robbery rather than practice it.

— Paul L. Poirot

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