Monday, January 25, 2010

Five big lies about American economy

Why feel embarrassed by business? Every American benefits every day
from the phenomenal productivity of the free market, so why do so many
people feel guilty or skeptical about our business system? In this
passionately argued, eye-opening book, talk-radio star and bestselling
author Michael Medved provides detailed and devastating rebuttals to
the most widely circulated smears against capitalism.

MYTH: Big business is bad, small business is good.

TRUTH: Every big business began life as a small business, and every
small business today yearns for enough success to become a big
business tomorrow. For some products—like cars or electrical power—
little companies can’t benefit their workers or customers as reliably
as huge corporations.

MYTH: Business executives are overpaid and corrupt.

TRUTH: Top leaders will always command top dollar, and a company can’t
limit executive pay without limiting its access to talent. Ferocious,
long-term competition in the corporate world ultimately rewards focus
and hard work, not short cuts and corruption.

MYTH: You can count on better treatment from the government than from
business.

TRUTH: If a private company deals with you poorly, you can take your
business elsewhere. But with the government’s power, you get only two
choices: compliance or jail.

Medved responds to business-bashing lies with the slashing wit,
irrefutable facts, fascinating historical nuggets, illuminating
anecdotes, and liberating clarity that made him one of the top-ten
talk-radio hosts in the United States. This audacious and urgently
needed book provides energy and inspiration for a beleaguered free-
market system poised for its unstoppable comeback.

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