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The Case Study Guide
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Starting a business needs to be easy
Overview Transcript Case Study Video
Hattie Bryant
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Hattie Bryant, host of the program, guides viewers to the key points in this episode.
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Capitalism is the Only Proven Path from Poverty to Prosperity

If you are a global traveler, you no doubt have noticed that there are many countries with a development history of thousands of years that have not progressed anywhere near to the extent that we have in the USA. Things we so much take for granted, such as running water in our homes, are beyond any scope of luxury in many places throughout the world.

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Key Ideas of this episode
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1. Capitalism is the Only Proven Path from Poverty to Prosperity
2. The American Version Of Capitalism Has Not Been Articulated Well
3. Many Owning A Little Is Better Than a Few Owning A Lot
4. Business Owners Are Not Elites
5. Capitalism Requires A New Attitude About the Creation of Wealth
6. Struggle for Improvement
Is A Moral Duty
7. Capitalism Does Not Thrive Unfettered
8. Capitalism Depends Upon
Hard-Working People
9. Democratic Capitalism Is A
Three-Legged Stool
10. Business Is Not About Greed
11. Capitalism Is Good For The Soul
12. Capitalism Is Organized
Around The Mind
13. Small Business Is The Most Important Institution In A Civil Society
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Topic for Discussion: Why has the United States of America accomplished so much more in economic development in a few hundred years than countries with a civilization history of literally thousands of years?

Answer: Some would say it's the natural resources of our great nation, which are indeed plentiful. Others would credit "Yankee ingenuity" and we've certainly all seen many examples of that. Michael Novak makes the argument, powerfully, that it is our democratic capitalism that is the basis for our economic success. He calls the death of socialism the "most unreported fact in the 20th century."

J. C. Penney once said that everyone's life is a suitcase and our differences are related to what we pack in it. Our form of government, our society, our culture, all nurture the entrepreneurial spirit and foster an environment where each of us can live our dreams. America truly is the land of opportunity and our challenge is to take advantage of that opportunity.

You think about it: Where are the pockets of poverty in your community and what can you do to have a positive impact on them?

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