ICYMI: Too Much Government Stifles The Entrepreneurial Spirit
(Washington, D.C.) – Daniel Garza, President of The LIBRE Initiative, penned an op-ed published at Investor’s Business Daily highlighting the benefits of limited government, and its power to encourage innovation and economic growth.
In the San Francisco Bay Area, two historic garages sit about 10 miles apart. One is in Los Altos, and the other in Palo Alto. Each belongs to a nice but relatively ordinary suburban home.
You might be wondering how two ordinary garages can be historic.
One is the garage where Steve Jobs and Steve Wozniak founded Apple Computers, and assembled the first 50 Apple 1 computers.
The other is the site where Bill Hewlett and Dave Packard founded Hewett-Packard, and where they developed an audio oscillator used by Walt Disney to improve the sound quality in the classic "Fantasia."
An outright majority of billion-dollar startups were founded by immigrants. Companies like Tesla, Google, Kraft and Capital One all were founded here by foreigners who came to the United States in search of opportunity.
Coming from nations such as Russia, Hungary and others, it's not clear that they could have succeeded in their home countries. They knew that America was a special place, where people can build dreams into reality.
The late Sen. Barry Goldwater is credited with a well-known phrase: "A government big enough to give you everything you want is big enough to take everything you have."
History has shown that unless the power of government is carefully limited, people have a hard time creating their own path to success. If Americans had forgotten that lesson over the years, those two historic garages in Silicon Valley might not be significant at all.