The New American Business Adage

For decades the free enterprise system has served America well. Thousands of small businesses and farmers survived and thrived by producing only what they could reasonably sell and controlling their production costs - including waste, labor, materials, and overhead.

The more ambitious ones sought new markets for their products, expanded their product lines, and worked at gaining a competitive advantage.

As the population has grown and better distribution and delivery systems have evolved, there has been the opportunity for some companies to get quite large.

Size is not the issue, but some businesses have become so large that they have forgotten the basics tenets of business. They have become unprofitable to the point of being insolvent. But that's OK. The federal government is standing by with a bailout package.

Thus, the new adage for American business - if you're huge enough and poorly run enough to qualify - never mind about succeeding on your own. The government won't let you fail. What a great footnote to free enterprise.

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