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Originally Posted by randolph
Politicians of all stripes love to take statements out of context. Obama was simply saying that guys like Gates, Jobes and all the other creative businessmen, that develop amazing new businesses depend on investment capital and social infrastructures to succeed and the US system is very good at that. Can you imagine them succeeding without investors? Can you imagine them succeeding without a free market to sell their products. Can you imagine them succeeding in a country without a middle class?
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Job's buddy Wozniak built the first Apple in his garage. They did build their company. You talked about infrastructures. I'm not going to say companies don't need those infrastructures. But where does the money come from to build those infrastructures? From tax payers and their incomes from companies.
Quote:
Originally Posted by randolph
Can you imagine them succeeding without investors?
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Can you imagine investors forking over their money to people with no clue? The first thing an entrepreneur sells is their ideas and capabilities.
It's not just a one way street, it's a cycle, and the driver of that cycle is innovation from the private sector.