Reflections on Entreprenuership Part 7: Capitalism and Reality

When I was in sixth grade back in 1960, I was taught that socialism was a viable alternative for certain countries at certain times in their economic development, and just because capitalism worked well in America, we should not believe it would work everywhere in the world.  I liked my sixth grade teacher. He intended well; but, what he was teaching us, as I discovered later in life did not correspond to reality. He was a great guy and during recess he taught us how a backfield was intended to function with a quarterback, a fullback and two halfbacks.  Like the game of football, the world has changed; but, common sense is still common sense and reality is reality.

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