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We Care About America's Business Issues, Strategies, Solutions & Policies Based On A Free Form of Capitalism Resulting In Overwhelming Economic Success...





BusinessAdvisoryCouncil.net was created to support formulating and instituting business policies and practices based on the Capitalism form of Economic Freedom.

We believe American free markets are close to being the perfect form of business strategy in America and we also believe they are some of the best ways to organize a freedom loving economy.  

Our analysis of extensive research done since the formation of the United States of America was created, overwhelmingly supports capitalism as an economic system in which private actors own and control property in accord with their individual interests.  We feel this practice certainly involves demand and supply that freely sets appropriate and reasonable prices in the public marketplace in such a way that serves the best interests of society as a whole.

We know the major essential feature of free capitalism is the motive to make a profit.  We know that the owner of the business and the public consumer have to mutually and voluntarily exchange their transaction to the satisfaction of each party and have their own interest satisfied in the outcome, but neither party can obtain what he or she wants without addressing what the other wants.  It is this rational self-interest that ultimately leads to free economic prosperity.

In a capitalist economy, we know that capital assets—such as factories, mines, and railroads—can be privately owned and controlled.  As a result, labor is purchased for money wages, capital gains accrue to private owners, and prices allocate capital and labor between competing uses.

Some form of capitalism is the basis for nearly all economies in the world today.  We know much of the last century was one of two major approaches to economic organization.  In the other strategy, socialism, the state owns the means of production, and state-owned enterprises seek to maximize social good rather than profits.  We believe this method is not a valued form of economic solution or viable success.

The Pillars of Capitalism

We believe our research supports Capitalism as being founded on the following pillars:

Private Property:  Which allows people to own tangible assets such as land and houses and intangible assets such as stocks and bonds;

Self-Interest:  Through which people act in pursuit of their own good, without regard for sociopolitical pressure. Nonetheless, these uncoordinated individuals end up benefiting society as if, in the words of Smith’s 1776 Wealth of Nations, they were guided by an invisible hand;

Competition:  Through firms’ freedom to enter and exit markets, maximizes social welfare, that is, the joint welfare of both producers and consumers;

A Market Mechanism:  That determines prices in a decentralized manner through interactions between buyers and sellers—prices, in return, allocate resources, which naturally seek the highest reward, not only for goods and services but for wages as well;

freedom to choose with respect to consumption, production, and investment—dissatisfied customers can buy different products, investors can pursue more lucrative ventures, workers can leave their jobs for better pay; and

limited role of government, to protect the rights of private citizens and maintain an orderly environment that facilitates proper functioning of markets.

The extent to which these pillars operate distinguishes various forms of capitalism. In free markets, also called laissez-faire economies, markets operate with little or no regulation. In mixed economies, so called because of the blend of markets and government, markets play a dominant role, but are regulated to a greater extent by government to correct market failures, such as pollution and traffic congestion; promote social welfare; and for other reasons, such as defense and public safety. Mixed capitalist economies predominate today.
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