In 2020, good news can be hard to find, but it still exists.
We are all in need of some good news, especially after how hard this year has been on most people, and every situation has a silver lining. One of the silver linings with COVID-19, and the subsequent government overreach, is that people are now put in a position where they have to be creative when finding ways to provide for their families.
The Wall Street Journal recently reported that there has been an uptick in entrepreneurship during the pandemic, reporting that “Americans are starting new businesses at the fastest rate in more than a decade.”
To adapt to the pandemic and the job loss it unleashed, more Americans are becoming their own bosses, setting up tiny businesses to work as traveling hair stylists, in-home personal trainers, boutique mask designers and chefs. A man in Maryland started a mobile car-washing business.
Our economy has changed during this pandemic, and people are adapting to this new set of needs.
It’s almost as if the government would have never enforced lockdowns, the free market would have developed better ways to stay safe during a pandemic.
If only bureaucrats had as much faith in the American people as they do their own failing policies.
That is what is great about capitalism—you can create your own pathway to wealth and carve out your own niche in the market. The problem is when government regulation creates a barrier to entry for that niche.
Then it becomes harder for new or smaller businesses to compete in the marketplace, allows for less competition, and lets bigger, more-established businesses to drive up the price for a good or service.
And small businesses are shuttering like crazy right now, while big businesses are doing well, being bailed out, or in many cases thriving beyond their wildest expectations. Mom and Pop shops are shut down across the country, while online companies are doing great. Competition is being decreased because of government lockdowns.
This is exactly why it is so important for children to learn about the free market and entrepreneurship. Not only can they champion ideas and policies that help grow the economy, but they can also be creators of wealth for themselves, their families, and society—even during economic uncertainty caused by the government…because is there ever not?
It has been evident over the last few months that when tragedy strikes, the government is of little to no help. However, the free market and the ingenuity of a free mind has always allowed people to improve their condition while serving others.
In The Tuttle Twins and their Spectacular Show Business, for example, Ethan and Emily learn the ins and outs of becoming business owners. They learn that being an entrepreneur isn’t easy, but it can be rewarding!
The best thing for the future of our country would be fewer bureaucrats and more free thinkers and entrepreneurs in the next generation.