4.6 • 808 Ratings
🗓️ 8 November 2023
⏱️ 43 minutes
🧾️ Download transcript
Entrepreneurs and innovators attain success by providing services that other people value. So why does there seem to be suspicion towards a free market and success within it? Heritage budget expert Richard Stern and former Carl’s Jr. CEO Andy Puzder explain.
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0:00.0 | Three, two, one, zero, all engine run. |
0:06.7 | There is no other institution that has the ability uniquely. |
0:11.3 | Without a heritage, every generation starts over. |
0:14.5 | To remind the current regime. |
0:18.7 | We the people tell the governor what it is allowed to do. |
0:22.5 | All for action to get back in their box and stay there. |
0:28.0 | Lift-off. |
0:28.9 | We have a lift-down. |
0:31.9 | From the Heritage Foundation, this is Heritage Explains. |
0:49.0 | There's an old story that for his 13th birthday in 1876, Henry Ford was given a pocket watch. |
0:57.0 | Most young boys would have proudly worn and used such a gift. But young Henry got some tools and took it apart. |
0:59.2 | He wanted to know how it worked. |
1:03.3 | It's little wonder then that Henry Ford, many years later, |
1:06.6 | revolutionized car manufacturing in the United States and is still celebrated as one of his centuries' most important figures. |
1:12.3 | Whether it's true or not, the story about the watch illustrates a thread that is part of our |
1:17.2 | cultural heritage as Americans, curiosity, innovation, and entrepreneurship. |
1:23.5 | The many amenities that make our lives so much easier and comfortable, jetliners, medical |
1:28.9 | treatments, air conditioning, the internet, these things were created by people putting their |
1:34.2 | skill and ingenuity to work, sometimes with obsessive energy. And yet, in our cultural moment, |
1:41.3 | there is a suspicion towards the financial success that such innovation brings. |
1:46.6 | Some see wealth as evidence of exploitation and nothing more. |
1:50.5 | They see the free market itself as oppressive. |
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