New approaches were needed to save the U.S. steel industry and the entrepreneurial spirit was at a premium. The entrepreneurial spirit tends to resist being bound by institutions or past practices. In the new economic world dominated by the entrepreneurial spirit, these people may be left behind. Goldsmith emphasized that this process is painful and involves difficult choices for individuals, families and society. In western Canada, for example, an estimated 6,000 farmers per year for the past two years have been driven from the business by market forces.
Free markets can be brutal and tend to sweep away old ways of doing things.
Yet, they also bring progress, hope and opportunity. Inc. All rights reserved.