This principle was transplanted to America and applied by John Smith in Jamestown. As a result, the colony overcame its difficult first years and prospered. The free enterprise philosophy offers the prospect of economic success for those who are willing to toil and exert themselves in lawful pursuits. They are free to attempt putting their dreams and ideas into practice and to succeed or fail. Opportunity, not special privilege, is the watchword of the entire system.
Free enterprise rewards the worker who exhibits initiative and industry.
Workers who give a good day's work are rewarded with a mutually acceptable day's wages. Those who shirk or loaf are soon forced out of their jobs by the more enthusiastic workers. The hard workers are further rewarded with bonuses, promotions, and raises to the degree they excel or produce. As one wise person put it, the worker who never does more than he is paid for never gets paid for more than he does. In a truly free market, unemployment is strictly a voluntary condition.