Thursday, July 16, 2009
There’s no denying Americans favor small businesses over big corporations, radio host Michael Medved writes, even though he insists this love of the underdog makes little sense. Poll after poll clearly shows how people see virtue and trust in the mom-and-pop operation, while greed and skepticism dominate the view of corporate America. This split opinion of American business goes back to the earliest days of the republic, when fear of large institutions first took root in the nation’s psyche.
Those who participated in a 2007 Harris Poll placed small business easily at the top when it comes to having confidence in leaders—which begs the question, Medved writes: “If those who run small businesses truly deserve this sort of confidence, then why are their enterprises still small?”
Medved cites the Sherman Anti-Trust Act of 1890 as a particularly unfortunate turning point because it “enshrined as government policy the peculiar idea that any business combination efficient and successful enough to dominate its market niche deserved suspicious scrutiny, if not outright punishment.”
Medved argues that, “The rare company which is able to retain its share of the market year after year and decade after decade does so by means of productive efficiency and deserves praise, not condemnation.”
-Noel Brinkerhoff, David Wallechinsky
Smaller Not Better When It Comes to Business (by Michael Medved, Townhall.com)
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