This is the Kator Daily Podcast for Wednesday, May 17th,

2023.

I'm Caleb Brown.

What do entrepreneurs do?

What's their role? And why do critics from the left and right seem to think that it's easy

to be an entrepreneur, or if not easy, at least a formulaic recipe-based enterprise.

Caters Deodor McClosky is here to help everyone understand it a little better.

It seems that either from left or right and probably everywhere in between and probably libertarians and

authoritarians as well.

Misunderstand how we ought to understand the role of the entrepreneur.

Well, for one thing, they think that business is easy.

They being what I call the clarity, the professors, the journalists, the think tank people,

the ordinary readers of the New York Times, that kind of thing.

They think they're superior to these people in business you know it's pretty easy to run a small business

business that they think now this is of course nuts. Anyone who's with any human sympathy knows that running most

folks small businesses is really hard, harder really than being a corporate person usually.

Anyway, so they think it's easy so they think, well, that's no problem, we can do that. An old example of this was Lenin, the son of an educational

administrator in Zarist, himself, that is Lenin, was a lawyer.

And he believed in Assad in the state revolution, he said, our plan under communism is to make the Russian economy

into one big factory. Of course, guess who will be the CEO? And that's easy, just, there's nothing to that.

So it completely misses the artistic,

as it were, the creative part of entrepreneurship.

...