Regarding Obama’s “you-didn’t-build-that” comment back in July, I explained why that attack on entrepreneurs and small business owners was misguided.
And I also shared some humorous cartoons on the topic.
But it is true that no entrepreneur produces a product without help from many others. But what the President apparently doesn’t understand is that almost all of the real help comes from voluntary and decentralized exchange in the private market.
This CEI video is a good introduction to this spontaneous process.
And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy.
There’s also a moral argument presented in this video from the American Enterprise Institute.